Raymond James Trims Air Canada Target Price to C$11.00 (AC)

Air Canada (TSE:AC) had its target price reduced by analysts at Raymond James from C$14.00 to C$11.00 in a note issued to investors on Monday, StockTargetPrices.com reports. The brokerage presently has a “market perform” rating on the stock. Raymond James’ price target would suggest a potential upside of 1.48% from the company’s previous close.

Shares of Air Canada (TSE:AC) traded down 1.29% on Monday, hitting $10.70. The company’s stock had a trading volume of 757,687 shares. The stock’s market capitalization is $3.04 billion. Air Canada has a 52 week low of $8.87 and a 52 week high of $15.09. The stock’s 50 day moving average price is $11.36 and its 200 day moving average price is $12.28.

Bank of America (NYSE:BAC) had its price objective dropped by Keefe, Bruyette & Woods from $20.00 to $19.00 in a report released on Thursday, Analyst Ratings.Net reports. The most bullish analyst sees the company reporting earnings per share of $1.64 while the most bearish analyst is predicting a current year EPS number of $1.41. The 52-week high of the share price is $74.09 and the 52-week low is $51.27. The 50 day moving average achieved by the firm is $17.05 respectively.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, October 14th. After trading began at $58.09 the stock was seen hitting $58.5011 as a peak level and $57.9 as the lowest level. The company earned $20.91 billion during the quarter, compared to analyst estimates of $20.77 billion. On average, analysts expect that Bank of America will post $1.44 EPS for the current year.

Other equities research analysts have also issued reports about the stock. The ex-dividend date was Wednesday, September 2nd. Sandler O’Neill reiterated a “hold” rating on shares of Bank of America in a research note on Monday, October 12th. Barclays lowered their target price on shares of National Bank of Canada from C$48.00 to C$47.00 and set an equal weight rating on the stock in a research report on Thursday, September 10th.

Royal Bank Of Canada (NYSE:RY): The stock price is expected to reach $ 66.08 in the short term. Out of 39 analysts covering the stock, 28 have rated it as a Buy, eight suggest a Hold, while only three recommend Sell.

In related news, insider Thong M. Nguyen sold 7,520 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The standard deviation of the price stands at $4.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Analysts are anxious about the possibility that this situation might invite rival organizations to recruit Bank of America Merrill Lynch’s financial advisors which will cause surge in either turnover or expenses. Wholesale Banking provides a range of credit, capital market, investment banking, merchant banking and research products and services to the clients. Through its banking and various nonbanking subsidiaries throughout the United States and in worldwide markets, the Company provides a range of banking and nonbanking financial services and products through five business segments: Consumer & Business Banking (CBB), Consumer Real Estate Services (CRES), Global Banking, Global Markets and Global Wealth & Investment Management (GWIM), with the remaining operations recorded in all Other.