Air Canada Forecasted to Earn Q1 2018 Earnings of ($0.31) Per Share (AC)

Air Canada (TSE:AC) – Stock analysts at Cormark issued their Q1 2018 EPS estimates for shares of Air Canada in a research note issued to investors on Wednesday, Zacks Investment Research reports. Cormark analyst D. Tyerman forecasts that the company will post earnings per share of ($0.31) for the quarter. Cormark also issued estimates for Air Canada’s Q2 2018 earnings at $0.60 EPS and FY2018 earnings at $3.34 EPS.

Several other research firms also recently issued reports on AC. National Bank Financial upped their price objective on Air Canada from C$26.00 to C$33.00 and gave the stock an “outperform” rating in a report on Friday, October 13th. CIBC lifted their price target on shares of Air Canada from C$27.00 to C$34.00 in a report on Friday, October 13th. Canaccord Genuity lifted their price target on shares of Air Canada from C$31.00 to C$33.00 and gave the stock a “buy” rating in a report on Monday, October 23rd. TD Securities lifted their price target on shares of Air Canada from C$34.00 to C$36.00 and gave the stock an “action list buy” rating in a report on Thursday, October 26th. Finally, Royal Bank Of Canada lowered their target price on shares of Air Canada from C$33.00 to C$31.00 and set an “outperform” rating for the company in a research note on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$30.86.

Air Canada (TSE:AC) opened at C$25.60 on Friday. Air Canada has a 1-year low of C$12.49 and a 1-year high of C$28.70.

In other news, Director Benjamin M. Smith sold 30,669 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of C$22.01, for a total transaction of C$675,024.69. Also, insider Duncan Bureau sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of C$23.58, for a total transaction of C$47,160.00. Over the last ninety days, insiders sold 33,544 shares of company stock valued at $744,147.

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About Air Canada

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.

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

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