RBC Capital analyst Walter Spracklin maintained a Hold rating on Air Canada (ACDVF – Research Report) today and set a price target of C$14.00. The company’s shares opened today at $14.10.
According to TipRanks, Spracklin is a 5-star analyst with an average return of 15.2% and a 63.00% success rate. Spracklin covers the Industrials sector, focusing on stocks such as TFI International, GFL Environmental, and Canadian National Railway.
Air Canada has an analyst consensus of Strong Buy, with a price target consensus of $22.48.
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Based on Air Canada’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6.34 billion and a net profit of $1.25 billion. In comparison, last year the company earned a revenue of $5.32 billion and had a GAAP net loss of $500 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.
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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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