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RBC Capital Reaffirms Their Hold Rating on Air Canada (ACDVF) | Markets Insider

Published 3 weeks ago1 minute read

RBC Capital analyst James McGarragle CFA maintained a Hold rating on Air Canada (ACDVFResearch Report) on February 14 and set a price target of C$20.00. The company’s shares closed last Friday at $12.53.

According to TipRanks, McGarragle CFA is a 4-star analyst with an average return of 8.0% and a 65.75% success rate. McGarragle CFA covers the Industrials sector, focusing on stocks such as Air Canada, Russel Metals, and CAE.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Air Canada with a $18.36 average price target.

Based on Air Canada’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.4 billion and a GAAP net loss of $644 million. In comparison, last year the company earned a revenue of $5.18 billion and had a net profit of $184 million

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