The stock of Air Canada (TSE:AC) is a huge mover today! About 263,902 shares traded hands. Air Canada (TSE:AC) has risen 65.20% since April 26, 2016 and is uptrending. It has outperformed by 59.97% the S&P500.
The move comes after 8 months positive chart setup for the $3.68B company. It was reported on Nov, 30 by Barchart.com. We have $14.05 PT which if reached, will make TSE:AC worth $110.40 million more.
Air Canada (TSE:AC) Ratings Coverage
Out of 8 analysts covering Air Canada (TSE:AC), 6 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 75% are positive. $24 is the highest target while $8.25 is the lowest. The $15.68 average target is 14.96% above today’s ($13.64) stock price. Air Canada has been the topic of 37 analyst reports since August 13, 2015 according to StockzIntelligence Inc. On Tuesday, June 28 the stock rating was initiated by Canaccord Genuity with “Buy”. On Thursday, August 13 the stock rating was downgraded by Scotia Capital to “Outperform”. The firm earned “Top Pick” rating on Tuesday, November 8 by RBC Capital Markets. On Thursday, January 14 the stock rating was downgraded by Raymond James to “Underperform”. The stock has “Buy” rating given by TD Securities on Thursday, August 13. National Bank Canada maintained the shares of AC in a report on Friday, November 6 with “Outperform” rating. The stock of Air Canada (TSE:AC) has “Outperform” rating given on Thursday, August 13 by IBC. The firm has “Sector Perform” rating by Scotia Capital given on Friday, September 4. The company was maintained on Thursday, August 13 by Canaccord Genuity. The stock of Air Canada (TSE:AC) earned “Outperform” rating by National Bank Canada on Friday, October 14.
More news for Air Canada (TSE:AC) were recently published by: Theglobeandmail.com, which released: “Air Canada reverses poppy ban after outcry from employees” on November 07, 2016. Theglobeandmail.com‘s article titled: “Air Canada may expand Rouge to compete with new low-cost airlines” and published on November 07, 2016 is yet another important article.
Air Canada is a domestic, United States transborder and international airline company. The company has a market cap of $3.68 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 4.08 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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