Trade Report: Today: Q3 2016 Earnings Estimate for Air Canada Issued By National Bank Financial (AC)

Today: Q3 2016 Earnings Estimate for Air Canada Issued By National Bank Financial (AC)

Air Canada (TSE:AC) – Investment analysts at National Bank Financial reduced their Q3 2016 earnings estimates for shares of Air Canada in a research report issued to clients and investors on Thursday. National Bank Financial analyst C. Doerksen now forecasts that the brokerage will post earnings of $2.35 per share for the quarter, down from their previous forecast of $2.41. National Bank Financial has a “Outperform” rating and a $15.50 price objective on the stock.

A number of other equities analysts also recently commented on the stock. TD Securities boosted their target price on shares of Air Canada from C$22.00 to C$23.00 and gave the stock an “action list buy” rating in a research note on Tuesday, September 27th. BMO Capital Markets boosted their target price on shares of Air Canada from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 5th. Canaccord Genuity boosted their target price on shares of Air Canada from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research note on Monday, October 3rd. RBC Capital Markets upgraded shares of Air Canada from an “outperform” rating to a “top pick” rating and boosted their target price for the stock from C$14.00 to C$18.00 in a research note on Thursday, October 6th. Finally, Royal Bank Of Canada upgraded shares of Air Canada from an “outperform” rating to a “top pick” rating and boosted their target price for the stock from C$14.00 to C$18.00 in a research note on Thursday, October 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$15.52.

Air Canada (TSE:AC) opened at 12.99 on Monday. The stock has a market cap of $3.59 billion and a price-to-earnings ratio of 6.24. Air Canada has a 1-year low of $6.81 and a 1-year high of $13.08. The firm’s 50 day moving average price is $10.11 and its 200-day moving average price is $9.38.

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