Air Canada (TSE:AC) – Research analysts at Raymond James Financial issued their FY2018 earnings per share (EPS) estimates for Air Canada in a research report issued on Monday, according to Zacks Investment Research. Raymond James Financial analyst B. Cherniavsky forecasts that the company will post earnings per share of $3.38 for the year.
Several other research analysts also recently weighed in on the stock. CIBC upped their target price on shares of Air Canada from C$36.00 to C$38.00 in a report on Thursday, January 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a C$29.00 target price on shares of Air Canada in a report on Monday, November 13th. BMO Capital Markets dropped their target price on shares of Air Canada to C$34.00 and set an “outperform” rating for the company in a report on Thursday, October 26th. TD Securities upped their target price 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 dropped 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 report on Thursday, October 26th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$31.05.
Shares of Air Canada (TSE AC) opened at C$23.79 on Tuesday. Air Canada has a 1 year low of C$12.49 and a 1 year high of C$28.70. The stock has a market cap of $6,500.00, a price-to-earnings ratio of 3.53 and a beta of 1.18.
In other news, Director Benjamin M. Smith sold 30,669 shares of the company’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 company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of C$23.58, for a total transaction of C$47,160.00. Insiders have sold a total of 48,544 shares of company stock valued at $1,125,897 in the last three months.
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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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