Air Canada (TSE:AC) Price Target Raised to C$25.00

Air Canada (TSE:AC) had its target price increased by TD Cowen to C$25.00 in a report published on Wednesday morning,Stock Target Advisor reports. TD Cowen currently has a buy rating on the stock.

A number of other analysts have also weighed in on AC. JPMorgan Chase & Co. upped their target price on Air Canada from C$32.00 to C$34.00 in a report on Monday, November 4th. Jefferies Financial Group raised their price objective on Air Canada from C$18.00 to C$22.00 in a research report on Tuesday. Stifel Canada upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 3rd. Cormark lifted their target price on shares of Air Canada from C$21.75 to C$26.75 in a research note on Monday, November 4th. Finally, BMO Capital Markets upped their price target on shares of Air Canada from C$28.00 to C$29.00 in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$25.25.

Air Canada Stock Down 2.6 %

TSE:AC opened at C$22.54 on Wednesday. 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. The company has a 50-day moving average of C$17.42 and a 200 day moving average of C$17.51. The firm has a market cap of C$8.08 billion, a PE ratio of 5.03, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39.

Air Canada (TSE:AC) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.98 earnings per share for the quarter, topping the consensus estimate of C$0.85 by C$0.13. The firm had revenue of C$5.52 billion during the quarter, compared to analysts’ expectations of C$5.55 billion. Air Canada had a net margin of 7.92% and a return on equity of 603.77%. As a group, research analysts anticipate that Air Canada will post 2.5789474 EPS 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.