Analysts Set Air Canada (TSE:AC) Price Target at C$29.32

Shares of Air Canada (TSE:AC) have earned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$29.32.

A number of research firms have recently weighed in on AC. Jefferies Financial Group lowered their price target on Air Canada from C$20.00 to C$19.00 in a report on Thursday, June 20th. CIBC reduced their price target on shares of Air Canada from C$30.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Scotiabank decreased 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. TD Securities dropped their target price on shares of Air Canada from C$34.00 to C$33.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Finally, ATB Capital upped their price target on Air Canada from C$32.00 to C$33.00 in a research note on Friday, May 3rd.

Air Canada Stock Performance

Shares of Air Canada stock opened at C$17.90 on Thursday. 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. The business’s 50 day moving average price is C$18.38 and its 200 day moving average price is C$18.54. The company has a market cap of C$6.42 billion, a price-to-earnings ratio of 3.10, a PEG ratio of 0.02 and a beta of 2.40. Air Canada has a one year low of C$16.04 and a one year high of C$26.04.

Air Canada (TSE:AC) last issued its earnings results 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 business had revenue of C$5.23 billion for the quarter, compared to the consensus estimate of C$5.13 billion. On average, research analysts predict that Air Canada will post 3.1906412 EPS for the current 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.