Air Canada (TSE:AC) - Equities research analysts at Beacon Securities increased their FY2017 earnings estimates for Air Canada in a research report issued on Wednesday. Beacon Securities analyst A. Shaath now anticipates that the company will post earnings of $3.85 per share for the year, up from their prior forecast of $3.69. Beacon Securities currently has a “Buy” rating on the stock. Beacon Securities also issued estimates for Air Canada’s FY2018 earnings at $4.73 EPS.
A number of other equities analysts have also weighed in on the stock. Canaccord Genuity lifted their price target on shares of Air Canada from C$23.00 to C$27.00 and gave the company a “buy” rating in a report on Wednesday. BMO Capital Markets reiterated an “outperform” rating and issued a C$28.00 price target on shares of Air Canada in a report on Wednesday. TD Securities lifted their price target on shares of Air Canada from C$25.00 to C$34.00 and gave the company an “action list buy” rating in a report on Wednesday. Royal Bank Of Canada lifted their price target on shares of Air Canada from C$25.00 to C$26.00 and gave the company a “top pick” rating in a report on Wednesday. Finally, Scotiabank lifted their price target on shares of Air Canada from C$20.50 to C$27.00 and gave the company a “sector perform” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Air Canada currently has an average rating of “Buy” and a consensus target price of C$25.17.
ILLEGAL ACTIVITY NOTICE: “FY2017 EPS Estimates for Air Canada Lifted by Analyst (TSE:AC)” was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://stocknewstimes.com/2017/08/04/fy2017-eps-estimates-for-air-canada-lifted-by-analyst-tseac.html.
Shares of Air Canada (TSE AC) traded up 0.56% during mid-day trading on Friday, reaching $21.62. The company’s stock had a trading volume of 407,654 shares. Air Canada has a 1-year low of $8.66 and a 1-year high of $22.25. The company has a market capitalization of $5.86 billion and a price-to-earnings ratio of 8.19. The firm’s 50 day moving average price is $18.68 and its 200-day moving average price is $15.40.
In related news, insider Michael Stewart Rousseau sold 40,000 shares of Air Canada stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of C$21.20, for a total transaction of C$848,000.00. Also, insider James Anthony Tabor sold 2,037 shares of Air Canada stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of C$17.95, for a total transaction of C$36,564.15. Insiders have sold a total of 155,678 shares of company stock worth $2,921,401 in the last 90 days.
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. Its mainline operates a fleet of approximately 170 aircraft, including Airbus narrow-body aircraft, over 70 Boeing and Airbus wide-body aircraft, and approximately Embraer 190 regional jets.
Receive News & Ratings for Air Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Canada and related companies with MarketBeat.com's FREE daily email newsletter.
