A Wall Street analyst has provided a review for the Services company yesterday, but retained the same rating on the stock. Air Canada Vote & VV (AC) received a Buy rating from CIBC’s analyst Kevin Chiang, with a C$46 price target.
According to TipRanks.com, Chiang is a 5-star analyst with an average return of 10.6% and a 64.1% success rate. Chiang covers the Services sector, focusing on stocks such as WestJet Airlines Ltd, Canadian Railway, and Canadian Pacific.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Air Canada Vote & VV with a C$40.57 average price target, representing a 22.4% upside. In a report issued on February 10, AltaCorp Captial also reiterated a Buy rating on the stock with a C$46 price target.
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Based on Air Canada Vote & VV’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$5.42 billion and net profit of C$645 million. In comparison, last year the company earned revenue of C$3.82 billion and had a GAAP net loss of C$11 million.
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$33.15, close to its 52-week high of C$33.58.
