Air Canada (TSE:AC) – Cormark issued their Q4 2016 earnings per share estimates for shares of Air Canada in a note issued to investors on Monday. Cormark analyst D. Tyerman anticipates that the brokerage will earn $0.06 per share for the quarter. Cormark also issued estimates for Air Canada’s Q2 2017 earnings at $0.69 EPS, Q4 2017 earnings at $0.05 EPS and FY2017 earnings at $3.67 EPS.
Several other equities research analysts also recently commented on AC. TD Securities reiterated an “action list buy” rating and set a C$21.00 target price on shares of Air Canada in a research report on Monday, June 20th. Canaccord Genuity initiated coverage on shares of Air Canada in a research report on Tuesday, June 28th. They set a “buy” rating and a C$13.00 target price on the stock. National Bank Financial cut their target price on shares of Air Canada from C$13.50 to C$13.00 in a research report on Tuesday, June 28th. Macquarie cut their target price on shares of Air Canada from C$10.00 to C$9.00 in a research report on Friday, July 22nd. Finally, CIBC lifted their target price on shares of Air Canada from C$12.25 to C$14.00 in a research report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Air Canada has an average rating of “Buy” and a consensus target price of C$14.67.
Shares of Air Canada (TSE:AC) opened at 10.16 on Wednesday. The stock’s 50 day moving average is $9.20 and its 200 day moving average is $9.14. Air Canada has a 12 month low of $6.81 and a 12 month high of $12.29. The company has a market cap of $2.81 billion and a P/E ratio of 4.88.
About Air Canada
Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. The Company’s mainline operates a fleet of over 170 aircraft, including Airbus narrow-body aircraft, Boeing and Airbus wide-body aircraft, and Embraer 190 regional jets.
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