Air Canada (TSE:AC) Price Target Raised to C$29.00

Air Canada (TSE:AC) had its target price hoisted by BMO Capital Markets from C$28.00 to C$29.00 in a research note published on Monday,BayStreet.CA reports.

A number of other analysts also recently commented on the stock. TD Securities decreased their price objective on shares of Air Canada from C$25.00 to C$19.00 in a report on Wednesday, July 24th. Royal Bank of Canada cut their target price on shares of Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 23rd. Canaccord Genuity Group lifted their target price on shares of Air Canada from C$25.00 to C$29.00 in a research report on Monday. Stifel Canada upgraded shares of Air Canada to a “hold” rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus upgraded shares of Air Canada from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$20.00 to C$25.50 in a research report on Monday. 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$25.25.

Air Canada Stock Down 0.1 %

AC stock opened at C$23.14 on Monday. The company has a market cap of C$8.30 billion, a P/E ratio of 5.17, a P/E/G ratio of 0.02 and a beta of 2.39. Air Canada has a 52 week low of C$14.47 and a 52 week high of C$23.70. The company’s 50-day moving average price is C$17.12 and its 200 day moving average price is C$17.45. 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 (TSE:AC) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.98 EPS for the quarter, topping analysts’ consensus estimates of C$0.85 by C$0.13. The firm had revenue of C$5.52 billion for the quarter, compared to the consensus estimate of C$5.55 billion. Air Canada had a net margin of 7.92% and a return on equity of 603.77%. On average, research analysts expect that Air Canada will post 2.5789474 earnings per share for the current fiscal year.

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.