Jefferies analyst Sheila Kahyaoglu maintained a Hold rating on Air Canada (ACDVF – Research Report) today and set a price target of C$19.00. The company’s shares closed last Friday at $12.36.

Kahyaoglu covers the Industrials sector, focusing on stocks such as Boeing, GE Aerospace, and Transdigm Group. According to TipRanks, Kahyaoglu has an average return of 10.6% and a 63.64% success rate on recommended stocks.

In addition to Jefferies, Air Canada also received a Hold from RBC Capital’s James McGarragle CFA in a report issued on June 6. However, on June 19, National Bank maintained a Buy rating on Air Canada (Other OTC: ACDVF).

Based on Air Canada’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.18 billion and a net profit of $184 million. In comparison, last year the company earned a revenue of $4.68 billion and had a net profit of $168 million

Based on the recent corporate insider activity of 37 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.

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Air Canada (ACDVF) Company Description:

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.

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