BMO Capital Keeps Their Buy Rating on Air Canada (ACDVF)

BMO Capital analyst Fadi Chamoun maintained a Buy rating on Air Canada today and set a price target of C$27.00. The company’s shares closed yesterday at $13.23.

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According to TipRanks, Chamoun is a 5-star analyst with an average return of 14.5% and a 63.18% success rate. Chamoun covers the Industrials sector, focusing on stocks such as Canadian National Railway, Union Pacific, and Air Canada.

Currently, the analyst consensus on Air Canada is a Moderate Buy with an average price target of $17.43, a 31.75% upside from current levels. In a report released on September 26, TD Cowen also reiterated a Buy rating on the stock with a C$22.00 price target.

Based on Air Canada’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $5.63 billion and a net profit of $186 million. In comparison, last year the company earned a revenue of $5.52 billion and had a net profit of $410 million

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ACDVF in relation to earlier this year.