Air Canada (AC) to Release Earnings on Tuesday
Air Canada (TSE:AC) is set to post its quarterly earnings results before the market opens on Tuesday, August 1st. Analysts expect Air Canada to post earnings of $0.30 per share for the quarter.
Shares of Air Canada (AC) opened at 19.02 on Tuesday. The firm has a market cap of $5.16 billion and a PE ratio of 7.20. The company’s 50-day moving average price is $18.36 and its 200-day moving average price is $15.15. Air Canada has a 52-week low of $8.66 and a 52-week high of $20.93.
A number of equities analysts have recently commented on the stock. Canaccord Genuity increased their price objective 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, July 7th. Macquarie increased their price objective on shares of Air Canada from C$18.00 to C$22.50 and gave the stock a “neutral” rating in a research note on Monday, July 17th. National Bank Financial increased their price objective on shares of Air Canada from C$18.50 to C$20.00 in a research note on Thursday, June 29th. CIBC increased their price objective on shares of Air Canada from C$20.50 to C$23.00 in a research note on Friday, July 7th. Finally, Beacon Securities restated a “buy” rating on shares of Air Canada in a research note on Thursday, May 18th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Air Canada has an average rating of “Buy” and a consensus target price of C$21.44.
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In related news, insider Michael Stewart Rousseau sold 52,000 shares of the firm’s stock in a transaction dated 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 James Anthony Tabor sold 2,037 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of C$17.95, for a total transaction of C$36,564.15. Over the last 90 days, insiders have sold 115,678 shares of company stock valued at $2,073,401.
Air Canada Company Profile
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.
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