Air Canada (TSE:AC) – Investment analysts at Beacon Securities issued their Q3 2016 EPS estimates for shares of Air Canada in a report released on Monday. Beacon Securities analyst G. Trapkov forecasts that the brokerage will post earnings per share of $2.39 for the quarter. Beacon Securities also issued estimates for Air Canada’s Q4 2016 earnings at $0.09 EPS, FY2016 earnings at $3.56 EPS and FY2017 earnings at $3.42 EPS.

Other analysts have also recently issued reports about the company. CIBC increased their price objective on Air Canada from C$12.25 to C$14.00 in a research note on Tuesday, August 2nd. Macquarie reduced their price objective on Air Canada from C$10.00 to C$9.00 in a research note on Friday, July 22nd. National Bank Financial reduced their price objective on Air Canada from C$13.50 to C$13.00 in a research note on Tuesday, June 28th. TD Securities increased their price objective on Air Canada from C$20.00 to C$22.00 and gave the company an “action list buy” rating in a research note on Tuesday, August 2nd. Finally, Canaccord Genuity began coverage on Air Canada in a research note on Tuesday, June 28th. They issued a “buy” rating and a C$13.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$14.60.

Shares of Air Canada (TSE:AC) traded down 1.37% during mid-day trading on Wednesday, reaching $9.35. The company’s stock had a trading volume of 364,397 shares. The company’s 50-day moving average is $9.04 and its 200-day moving average is $9.08. Air Canada has a 52 week low of $6.81 and a 52 week high of $12.29. The stock has a market capitalization of $2.58 billion and a price-to-earnings ratio of 4.49.

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About Air Canada

Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. The Company’s mainline operates a fleet of over 170 aircraft, including Airbus narrow-body aircraft, Boeing and Airbus wide-body aircraft, and Embraer 190 regional jets.

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