Air Canada (TSE:AC) - Stock analysts at National Bank Financial issued their Q3 2017 earnings per share estimates for Air Canada in a research report issued to clients and investors on Tuesday. National Bank Financial analyst C. Doerksen anticipates that the company will earn $2.87 per share for the quarter. National Bank Financial also issued estimates for Air Canada’s FY2017 earnings at $3.63 EPS and FY2018 earnings at $3.85 EPS.
A number of other brokerages have also issued reports on AC. Canaccord Genuity raised their target price on shares of Air Canada from C$23.00 to C$27.00 and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets restated an “outperform” rating and set a C$28.00 target price on shares of Air Canada in a research report on Wednesday. Royal Bank Of Canada raised their target price on shares of Air Canada from C$25.00 to C$26.00 and gave the stock a “top pick” rating in a research report on Wednesday. TD Securities raised their target price on shares of Air Canada from C$25.00 to C$34.00 and gave the stock an “action list buy” rating in a research report on Wednesday. Finally, CIBC raised their target price on shares of Air Canada from C$23.00 to C$27.00 in a research report on Wednesday. Three analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$25.17.
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Air Canada (TSE AC) opened at 21.67 on Friday. The firm has a 50-day moving average of $18.56 and a 200-day moving average of $15.35. The stock has a market capitalization of $5.87 billion and a price-to-earnings ratio of 8.21. Air Canada has a 1-year low of $8.66 and a 1-year high of $21.83.
In other Air Canada news, insider Michael Stewart Rousseau sold 40,000 shares of the stock in a transaction that occurred 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 the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of C$17.95, for a total transaction of C$36,564.15. In the last ninety days, insiders have sold 1,081,159 shares of company stock worth $22,097,367.
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.
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