Air Canada (TSE:AC) Price Target Raised to C$27.00 at CIBC

Air Canada (TSE:AC) had its target price hoisted by CIBC from C$25.00 to C$27.00 in a report published on Monday morning,BayStreet.CA reports.

AC has been the topic of several other reports. ATB Capital lowered their price target on Air Canada from C$27.00 to C$26.50 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Scotiabank raised their target price on Air Canada from C$24.00 to C$26.50 in a report on Monday. Cormark raised their target price on Air Canada from C$21.75 to C$26.75 in a report on Monday. Raymond James decreased their target price on Air Canada from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. raised their target price on Air Canada from C$32.00 to C$34.00 in a report on Monday. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Air Canada currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.25.

Air Canada Price Performance

TSE AC opened at C$23.14 on Monday. The business’s fifty day moving average price is C$17.12 and its 200-day moving average price is C$17.45. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 1,070.99, a current ratio of 0.85 and a quick ratio of 1.06. Air Canada has a 1-year low of C$14.47 and a 1-year high of C$23.70.

Air Canada (TSE:AC) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.98 earnings per share for the quarter, beating the consensus estimate of C$0.85 by C$0.13. The firm had revenue of C$5.52 billion for the quarter, compared to analysts’ expectations of C$5.55 billion. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. On average, equities analysts predict that Air Canada will post 2.5789474 earnings per share for the current year.

About Air Canada

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.