A number of other equities research analysts have also recently commented on the stock. BMO Capital Markets upped their target price on shares of Air Canada from C$39.00 to C$42.00 in a report on Monday, December 17th. JPMorgan Chase & Co. upped their target price on shares of Air Canada from C$30.00 to C$34.00 in a report on Friday, November 2nd. Raymond James upped their target price on shares of Air Canada from C$22.50 to C$24.00 and gave the company a market perform rating in a report on Thursday, November 1st. Finally, National Bank Financial upped their target price on shares of Air Canada from C$29.00 to C$32.00 and gave the company an outperform rating in a report on Thursday, November 1st. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of C$35.18.
Shares of TSE:AC opened at C$27.22 on Thursday. Air Canada has a one year low of C$20.33 and a one year high of C$29.39. The company has a debt-to-equity ratio of 146.77, a current ratio of 1.26 and a quick ratio of 1.13.
Air Canada (TSE:AC) last announced its earnings results on Wednesday, October 31st. The company reported C$2.03 EPS for the quarter, meeting analysts’ consensus estimates of C$2.03. The business had revenue of C$5.42 billion during the quarter, compared to analysts’ expectations of C$5.41 billion. As a group, equities research analysts predict that Air Canada will post 3.65000012068333 EPS for the current fiscal year.
In other news, insider Murray Douglas Strom purchased 2,200 shares of the business’s stock in a transaction that occurred on Friday, December 7th. The stock was purchased at an average cost of C$27.29 per share, with a total value of C$60,038.00. Also, insider Arielle Meloul-Wechsler sold 2,408 shares of the stock in a transaction dated Monday, November 5th. The stock was sold at an average price of C$26.29, for a total transaction of C$63,306.32. Over the last three months, insiders have purchased 6,900 shares of company stock valued at $186,038 and have sold 6,425 shares valued at $179,704.
About Air Canada
Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Express and Air Canada Rouge brand name in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.
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