Air Canada (TSE:AC) – Beacon Securities increased their FY2017 EPS estimates for Air Canada in a research note issued on Monday. Beacon Securities analyst A. Shaath now forecasts that the company will post earnings per share of $3.69 for the year, up from their prior estimate of $3.33. Beacon Securities currently has a “Buy” rating on the stock.

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AC has been the topic of several other research reports. Royal Bank Of Canada increased their price objective on shares of Air Canada from C$18.00 to C$21.00 and gave the stock a “top pick” rating in a research note on Monday, May 15th. BMO Capital Markets reiterated an “outperform” rating and issued a C$20.00 price objective on shares of Air Canada in a research note on Friday, May 12th. Scotiabank raised their target price on shares of Air Canada from C$15.50 to C$16.25 and gave the stock a “sector perform” rating in a research note on Monday, May 8th. Canaccord Genuity raised their target price on shares of Air Canada from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Raymond James Financial, Inc. raised their target price on shares of Air Canada from C$12.50 to C$15.00 and gave the stock a “market perform” rating in a research note on Monday, May 8th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Air Canada currently has a consensus rating of “Buy” and an average target price of C$20.83.

Shares of Air Canada (TSE AC) opened at 20.37 on Tuesday. Air Canada has a 52-week low of $8.66 and a 52-week high of $20.39. The stock has a 50 day moving average of $17.26 and a 200 day moving average of $14.51. The company has a market cap of $5.52 billion and a price-to-earnings ratio of 7.71.

In related news, insider Michael Stewart Rousseau sold 52,000 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of C$18.04, for a total value of C$938,080.00. Also, insider Arielle Meloul-Wechsler sold 7,064 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of C$17.62, for a total transaction of C$124,467.68. In the last quarter, insiders have sold 115,678 shares of company stock worth $2,073,401.

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. Its mainline operates a fleet of approximately 170 aircraft, including Airbus narrow-body aircraft, over 70 Boeing and Airbus wide-body aircraft, and approximately Embraer 190 regional jets.

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

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