In a new note to investors today, an analyst has provided a rating update for Air Canada Vote & VV (AC). The company received a Buy rating from AltaCorp Captial’s analyst Chris Murray, with a C$56 price target.
Murray has an average return of 54.7% when recommending Air Canada Vote & VV.
According to TipRanks.com, Murray is ranked #634 out of 5253 analysts.
Read also: Can Reebonz’s (RBZ) Expansion Drive the Stock Higher?
Currently, the analyst consensus on Air Canada Vote & VV is a Strong Buy with an average price target of C$53, representing a 17.5% upside. In a report issued on July 16, Cowen & Co. also maintained a Buy rating on the stock with a C$47 price target.
.
Based on Air Canada Vote & VV’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$4.76 billion and net profit of C$343 million. In comparison, last year the company earned revenue of C$4.33 billion and had a GAAP net loss of C$77 million.
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.
The company’s shares closed on Wednesday at C$45.09, close to its 52-week high of C$47.43.
