RBC Capital Believes Air Canada Vote & VV (TSX: AC) Won’t Stop Here

By Jason Carr

A Wall Street analyst has provided a review for the Services company today, but retained the same rating on the stock. RBC Capital’s analyst Walter Spracklin reiterates their Buy rating on the shares of Air Canada Vote & VV (ACResearch Report), with a C$48 price target.

According to TipRanks.com, Spracklin is a top 100 analyst with an average return of 18.9% and a 76.8% success rate. Spracklin covers the Services sector, focusing on stocks such as WestJet Airlines Ltd, Union Pacific Corp, and Canadian Railway.

Air Canada Vote & VV has an analyst consensus of Strong Buy, with a price target consensus of C$48.60.

The company has a one-year high of C$42.69 and a one-year low of C$20.65. Currently, Air Canada Vote & VV has an average volume of 1.05M.

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 Friday at C$42.50, close to its 52-week high of C$42.69.