The stock of Air Canada (TSE:AC) is a huge mover today! About 754,674 shares traded hands. Air Canada (TSE:AC) has risen 34.92% since April 1, 2016 and is uptrending. It has outperformed by 32.96% the S&P500.
The move comes after 6 months positive chart setup for the $3.33 billion company. It was reported on Nov, 7 by Barchart.com. We have $17.64 PT which if reached, will make TSE:AC worth $1.30 billion more.
Air Canada (TSE:AC) Ratings Coverage
Out of 7 analysts covering Air Canada (TSE:AC), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. $22 is the highest target while $8.25 is the lowest. The $14.77 average target is 16.39% above today’s ($12.69) stock price. Air Canada has been the topic of 33 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock of Air Canada (TSE:AC) earned “Buy” rating by TD Securities on Thursday, August 13. The company was maintained on Friday, October 14 by National Bank Canada. The stock has “Outperform” rating given by National Bank Canada on Friday, November 6. The company was maintained on Thursday, August 13 by Canaccord Genuity. The firm has “Sector Perform” rating by Scotia Capital given on Friday, September 4. The rating was downgraded by Scotia Capital to “Outperform” on Thursday, August 13. The stock of Air Canada (TSE:AC) has “Underperform” rating given on Thursday, January 14 by Raymond James. Canaccord Genuity initiated Air Canada (TSE:AC) rating on Tuesday, June 28. Canaccord Genuity has “Buy” rating and $13 price target. The company was maintained on Thursday, August 13 by IBC.
More notable recent Air Canada (TSE:AC) news were published by: Theglobeandmail.com which released: “Air Canada profit beats estimates as it flies more passengers” on November 07, 2016, also Cbc.ca with their article: “‘So frustrating’: How to complain about your airline and why the rules may change” published on November 06, 2016, Fool.ca published: “This New Law Is Very Bad News for Air Canada and WestJet Airlines Ltd.” on November 07, 2016. More interesting news about Air Canada (TSE:AC) were released by: Bloomberg.com and their article: “Air Canada CEO Not Worried About Bombardier CSeries Order” published on November 02, 2016 as well as Business.Financialpost.com‘s news article titled: “Canada’s outstanding CEO of the year: Air Canada’s Calin Rovinescu” with publication date: November 01, 2016.
Air Canada is a domestic, United States transborder and international airline company. The company has a market cap of $3.33 billion. The Firm is a well-known provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. It has a 6.11 P/E ratio. The Company’s mainline operates a fleet of over 170 aircraft, including Airbus narrow-body aircraft, Boeing and Airbus wide-body aircraft, and Embraer 190 regional jets.
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