Air Canada (OTCMKTS:ACDVF) Given New C$28.00 Price Target at Scotiabank

Air Canada (OTCMKTS:ACDVF – Get Rating) had its target price lifted by Scotiabank from C$25.00 to C$28.00 in a research report report published on Tuesday, The Fly reports.

Several other equities research analysts also recently weighed in on the stock. BMO Capital Markets reduced their target price on shares of Air Canada from C$35.00 to C$30.00 in a research note on Thursday, October 13th. TD Securities raised their price target on shares of Air Canada from C$25.00 to C$26.00 in a research note on Wednesday, November 16th. CIBC raised their price target on shares of Air Canada from C$30.00 to C$31.00 in a research note on Wednesday, December 14th. National Bank Financial reduced their price target on shares of Air Canada from C$30.00 to C$29.00 in a research note on Tuesday, October 25th. Finally, Royal Bank of Canada raised their price target on shares of Air Canada from C$20.00 to C$21.00 in a research note on Monday, October 31st.

Air Canada Stock Performance

Shares of OTCMKTS:ACDVF opened at $16.61 on Tuesday. The firm has a fifty day moving average price of $14.61 and a 200 day moving average price of $13.97. Air Canada has a fifty-two week low of $11.86 and a fifty-two week high of $20.43. The firm has a market cap of $5.95 billion, a price-to-earnings ratio of -2.97 and a beta of 1.91.

Air Canada (OTCMKTS:ACDVF – Get Rating) last released its quarterly earnings data on Friday, October 28th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.41 by $0.11. The business had revenue of $4.08 billion for the quarter. As a group, research analysts predict that Air Canada will post -2.63 earnings per share for the current year.

Air Canada Company Profile

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Air Canada provides airline transportation services. It engages in full-service airline, scheduled passenger and cargo services, serving more than two hundred airports on six continents. It operates through the following geographical segments: Canada, U.S. Transborder, Atlantic, Pacific, and Other. The company was founded on April 11, 1936 and is headquartered in Saint-Laurent, Canada.