Air Canada (TSE:AC – Free Report) had its price objective decreased by TD Securities from C$25.00 to C$19.00 in a research note released on Wednesday morning, BayStreet.CA reports.
A number of other equities research analysts have also weighed in on the stock. CIBC cut their target price on shares of Air Canada from C$28.00 to C$25.00 and set an outperform rating on the stock in a research note on Tuesday, July 23rd. Raymond James cut their target price on shares of Air Canada from C$28.00 to C$22.00 and set an outperform rating on the stock in a research note on Tuesday, July 23rd. Cormark cut their target price on shares of Air Canada from C$25.50 to C$21.25 in a research note on Tuesday, July 23rd. Jefferies Financial Group cut their target price on shares of Air Canada from C$20.00 to C$19.00 in a research note on Thursday, June 20th. Finally, BMO Capital Markets cut their target price on shares of Air Canada from C$33.00 to C$28.00 and set an outperform rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of C$25.52.
Get Our Latest Analysis on Air Canada
Air Canada Price Performance
Air Canada (TSE:AC – Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported C($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.15) by C($0.12). The business had revenue of C$5.23 billion for the quarter, compared to analyst estimates of C$5.13 billion. As a group, equities analysts expect that Air Canada will post 3.1906412 EPS for the current year.
About Air Canada
Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names 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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