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

Air Canada (TSE:AC) had its price target hoisted by National Bankshares from C$22.00 to C$27.00 in a report issued on Monday morning,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. TD Securities dropped their target price on Air Canada from C$25.00 to C$19.00 in a report on Wednesday, July 24th. 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 report on Tuesday, July 23rd. Jefferies Financial Group boosted their target price on Air Canada from C$16.00 to C$18.00 in a report on Wednesday, October 2nd. 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 report on Tuesday, September 10th. Finally, BMO Capital Markets dropped their target price on Air Canada from C$33.00 to C$28.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Two 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.25.

Air Canada Stock Performance

AC opened at C$23.14 on Monday. The business’s 50 day moving average is C$17.12 and its 200-day moving average is C$17.45. The stock has a market cap of C$8.30 billion, a PE ratio of 5.17, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. 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. Air Canada has a twelve month low of C$14.47 and a twelve month 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 analysts’ consensus estimates of C$0.85 by C$0.13. The company 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, 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.