Q3 2017 Earnings Estimate for Air Canada (AC) Issued By National Bank Financial

Air Canada (TSE:AC) – Equities researchers at National Bank Financial lifted their Q3 2017 earnings estimates for Air Canada in a research note issued to investors on Thursday. National Bank Financial analyst C. Doerksen now anticipates that the company will earn $3.00 per share for the quarter, up from their previous forecast of $2.87. National Bank Financial currently has a “Outperform” rating and a $33.00 target price on the stock. National Bank Financial also issued estimates for Air Canada’s FY2017 earnings at $3.67 EPS and FY2018 earnings at $4.17 EPS.

Several other research analysts have also recently issued reports on AC. CIBC upped their price objective on Air Canada from C$19.50 to C$20.50 and gave the stock an “outperform” rating in a research report on Tuesday, June 20th. Royal Bank Of Canada upped their price objective on Air Canada from C$21.00 to C$25.00 and gave the stock a “top pick” rating in a research report on Friday, July 7th. Canaccord Genuity upped their price objective on Air Canada from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, July 7th. Scotiabank upped their price objective on Air Canada from C$16.25 to C$20.50 and gave the stock a “sector perform” rating in a research report on Monday, July 10th. Finally, Macquarie upped their price objective on Air Canada from C$18.00 to C$22.50 and gave the stock a “neutral” rating in a research report on Monday, July 17th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$30.30.

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Shares of Air Canada (AC) opened at 27.07 on Monday. The firm has a market cap of $7.35 billion and a P/E ratio of 8.87. Air Canada has a one year low of $11.60 and a one year high of $28.70. The firm has a 50-day moving average price of $21.96 and a 200 day moving average price of $17.12.

In related news, insider Yves Dufresne sold 1,677 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of C$22.15, for a total value of C$37,145.55. Also, insider Michael Stewart Rousseau sold 40,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of C$21.20, for a total value of C$848,000.00. Over the last three months, insiders sold 1,001,939 shares of company stock valued at $20,827,620.

Air Canada Company Profile

Air Canada provides the U.S. transbonder and international airline services. The company offers scheduled passenger services under the Air Canada Express brand name in the Canadian market, the Canada-U.S. transbonder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.

Earnings History and Estimates for Air Canada (TSE:AC)

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