Air Canada (TSE:AC) PT Lowered to C$28.00

Air Canada (TSE:AC) had its price target dropped by research analysts at National Bankshares from C$30.00 to C$28.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 59.36% from the company’s current price.

Several other equities research analysts have also recently issued reports on AC. Jefferies Financial Group decreased their price target on shares of Air Canada from C$20.00 to C$19.00 in a research note on Thursday, June 20th. Royal Bank of Canada set a C$18.00 price objective on shares of Air Canada and gave the stock a “sector perform” rating in a report on Thursday, April 4th. TD Securities cut their price objective on shares of Air Canada from C$34.00 to C$33.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Scotiabank cut 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 report on Thursday, March 28th. Finally, ATB Capital increased their price objective on shares of Air Canada from C$32.00 to C$33.00 in a report on Friday, May 3rd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$29.18.

Air Canada Stock Performance

TSE:AC opened at C$17.57 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,767.66. Air Canada has a fifty-two week low of C$16.04 and a fifty-two week high of C$26.04. The stock has a market cap of C$6.30 billion, a PE ratio of 3.04, a price-to-earnings-growth ratio of 0.02 and a beta of 2.40. The firm’s fifty day simple moving average is C$18.25 and its 200-day simple moving average is C$18.53.

Air Canada (TSE:AC) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C($0.27) EPS for the quarter, missing analysts’ consensus estimates 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. Analysts expect that Air Canada will post 3.1906412 earnings per share for the current fiscal 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.