In a report released today, Jamie Baker from J.P. Morgan maintained a Buy rating on Air Canada (ACDVF – Research Report), with a price target of C$41.00. The company’s shares opened today at $13.42.
According to TipRanks, Baker is a 2-star analyst with an average return of -0.5% and a 47.39% success rate. Baker covers the Industrials sector, focusing on stocks such as Air Canada, Alaska Air, and JetBlue Airways.
In addition to J.P. Morgan, Air Canada also received a Buy from TD Cowen’s Helane Becker in a report issued on February 20. However, on February 16, RBC Capital assigned a Hold rating to Air Canada (Other OTC: ACDVF).
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Based on Air Canada’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.18 billion and a net profit of $184 million. In comparison, last year the company earned a revenue of $4.68 billion and had a net profit of $168 million
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ACDVF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Air Canada (ACDVF) Company Description:
Air Canada provides airline transportation services. It engages in full-service airline, scheduled passenger and cargo services, serving more than two hundred airports on six continents. It operates flights in Canada, the USA, Latin America, Europe, Australia and Asia. The company was founded on April 11, 1936 and is headquartered in Saint-Laurent, Canada.
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