Air Canada (TSE:AC) Price Target Raised to C$26.75

Air Canada (TSE:AC) had its price objective upped by Cormark from C$21.75 to C$26.75 in a report released on Monday, BayStreet.CA reports. Cormark also issued estimates for Air Canada’s Q4 2024 earnings at $0.26 EPS, FY2024 earnings at $3.61 EPS, Q1 2025 earnings at $0.02 EPS, Q2 2025 earnings at $1.32 EPS, Q3 2025 earnings at $2.83 EPS, Q4 2025 earnings at $0.04 EPS and FY2025 earnings at $4.21 EPS.

AC has been the topic of several other research reports. ATB Capital dropped their target price on Air Canada from C$27.00 to C$26.50 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. JPMorgan Chase & Co. increased their target price on Air Canada from C$32.00 to C$34.00 in a research report on Monday. CIBC dropped their target price on Air Canada from C$28.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 23rd. Royal Bank of Canada dropped their target price on Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 23rd. Finally, Citigroup increased their target price on Air Canada from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$25.25.

Air Canada Price Performance

Air Canada stock opened at C$23.16 on Monday. Air Canada has a 12 month low of C$14.47 and a 12 month high of C$23.21. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99. The business’s 50 day simple moving average is C$17.12 and its 200 day simple moving average is C$17.45. The company has a market cap of C$8.30 billion, a price-to-earnings ratio of 5.17, a PEG ratio of 0.02 and a beta of 2.39.

Air Canada (TSE:AC) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.98 EPS for the quarter, beating the consensus estimate of C$0.85 by C$0.13. The business had revenue of C$5.52 billion for the quarter, compared to the consensus estimate of C$5.55 billion. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. Sell-side analysts forecast that Air Canada will post 2.5789474 EPS for the current year.

Insider Activity at Air Canada

In other news, Senior Officer Christophe Hennebelle bought 1,900 shares of Air Canada stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of C$15.70 per share, with a total value of C$29,830.00. 0.14% of the stock is owned by insiders.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.