Air Canada Vote & VV (TSX: AC), the Services sector company was revisited on October 31, and remains undervalued for at least one analyst on the street. Analyst Chris Murray from AltaCorp Captial remains bullish on the stock and has a C$44 price target.
Murray has an average return of 45.8% when recommending Air Canada Vote & VV.
According to TipRanks.com, Murray is ranked #436 out of 4908 analysts.
Air Canada Vote & VV has an analyst consensus of Strong Buy, with a price target consensus of C$34.67, a 30.9% upside from current levels. In a report issued on October 30, Paradigm also maintained a Buy rating on the stock.
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Based on Air Canada Vote & VV’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$4.33 billion and GAAP net loss of C$77 million. In comparison, last year the company earned revenue of C$4.88 billion and had a net profit of C$1.79 billion.
Air Canada provides airline transportation services. The company 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’s shares closed on Friday at C$26.49.
