TD Securities Increases Air Canada (OTCMKTS:ACDVF) Price Target to C$26.00

Air Canada (OTCMKTS:ACDVFGet Rating) had its price objective raised by investment analysts at TD Securities from C$25.00 to C$26.00 in a report issued on Wednesday, The Fly reports.

Several other research firms have also issued reports on ACDVF. Scotiabank reduced their price target on Air Canada from C$26.00 to C$25.00 in a research report on Tuesday, October 11th. BMO Capital Markets reduced their price target on Air Canada from C$35.00 to C$30.00 in a research report on Thursday, October 13th. National Bank Financial reduced their price target on Air Canada from C$30.00 to C$29.00 in a research report on Tuesday, October 25th. Royal Bank of Canada raised their price target on Air Canada from C$20.00 to C$21.00 in a research report on Monday, October 31st. Finally, Canaccord Genuity Group raised their price target on Air Canada from C$23.00 to C$26.00 in a research report on Monday, October 31st.

Air Canada Trading Up 0.1 %

Shares of Air Canada stock opened at $14.03 on Wednesday. The firm has a market capitalization of $5.04 billion, a PE ratio of -2.51 and a beta of 2.01. The business’s 50-day moving average price is $13.54 and its 200-day moving average price is $14.22. Air Canada has a 12 month low of $11.86 and a 12 month high of $20.43.

Air Canada (OTCMKTS:ACDVFGet Rating) last announced its quarterly earnings data on Friday, October 28th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.41 by $0.11. The firm had revenue of $4.08 billion for the quarter. As a group, analysts predict that Air Canada will post -2.8 earnings per share for the current fiscal year.

About Air Canada

(Get Rating)

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name 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.

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