Air Canada (TSE:AC – Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$18.34 and traded as high as C$19.74. Air Canada shares last traded at C$19.64, with a volume of 1,694,434 shares.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on AC shares. JPMorgan Chase & Co. upped their target price on Air Canada from C$38.00 to C$41.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. TD Securities upped their price objective on shares of Air Canada from C$30.00 to C$34.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Royal Bank of Canada dropped their target price on shares of Air Canada from C$17.00 to C$14.00 and set a “sector perform” rating for the company in a research report on Monday, January 29th. National Bankshares set a C$31.00 target price on Air Canada and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Finally, Canaccord Genuity Group lifted their price target on Air Canada from C$31.00 to C$32.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$30.12.
View Our Latest Analysis on AC
Air Canada Price Performance
Air Canada (TSE:AC – Get Free Report) last announced its earnings results on Friday, February 16th. The company reported C($0.12) EPS for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.07). The firm had revenue of C$5.18 billion for the quarter, compared to analysts’ expectations of C$5.05 billion. As a group, sell-side analysts expect that Air Canada will post 2.9514107 earnings per share for the current fiscal year.
Insider Activity
In other news, Senior Officer Mark Youssef Nasr bought 2,406 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were purchased at an average price of C$18.21 per share, for a total transaction of C$43,823.37. Corporate insiders own 0.17% of the company’s stock.
Air Canada Company Profile
Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.
Featured Articles
- Five stocks we like better than Air Canada
- Why Are Stock Sectors Important to Successful Investing?
- Best Bear Market Funds: Top 3 Investment Options to Consider
- What Are Dividend Contenders? Investing in Dividend Contenders
- Is DraftKings A Good Bet Ahead of Q1 Earnings?
- There Are Different Types of Stock To Invest In
- Mid-Cap Stocks to Outperform the Market This Cycle
Receive News & Ratings for Air Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Canada and related companies with MarketBeat.com's FREE daily email newsletter.