RBC Capital analyst James McGarragle CFA maintained a Hold rating on Air Canada (ACDVF – Research Report) yesterday and set a price target of C$18.00. The company’s shares closed yesterday at $13.30.
According to TipRanks, McGarragle CFA is a 2-star analyst with an average return of 0.6% and a 44.74% success rate. McGarragle CFA covers the Industrials sector, focusing on stocks such as CAE, Bombardier, and Air Canada.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Air Canada with a $22.79 average price target.
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 41 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.
