Jefferies Financial Group Lowers Air Canada (TSE:AC) Price Target to C$19.00

Air Canada (TSE:AC) had its price target decreased by equities researchers at Jefferies Financial Group from C$20.00 to C$19.00 in a note issued to investors on Thursday, BayStreet.CA reports. Jefferies Financial Group’s price target indicates a potential upside of 12.23% from the company’s current price.

AC has been the topic of a number of other reports. ATB Capital increased their price objective on shares of Air Canada from C$32.00 to C$33.00 in a research report on Friday, May 3rd. National Bankshares dropped their price objective on shares of Air Canada from C$31.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Scotiabank dropped their price objective on shares of Air Canada from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Thursday, March 28th. JPMorgan Chase & Co. increased their price objective on shares of Air Canada from C$38.00 to C$41.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Finally, CIBC dropped their price objective on shares of Air Canada from C$30.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$29.32.

Air Canada Price Performance

Air Canada stock opened at C$16.93 on Thursday. The company’s 50 day simple moving average is C$18.54 and its 200-day simple moving average is C$18.56. The company has a market capitalization of C$6.07 billion, a price-to-earnings ratio of 2.93, a price-to-earnings-growth ratio of 0.02 and a beta of 2.40. Air Canada has a 1 year low of C$16.04 and a 1 year high of C$26.04. The company has a debt-to-equity ratio of 1,767.66, a quick ratio of 1.06 and a current ratio of 0.85.

Air Canada (TSE:AC) last announced its earnings results on Thursday, May 2nd. The company reported C($0.27) earnings per share for the quarter, missing the consensus estimate of C($0.15) by C($0.12). The company had revenue of C$5.23 billion for the quarter, compared to analysts’ expectations of C$5.13 billion. As a group, equities research analysts expect that Air Canada will post 3.1906412 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.