Stifel Nicolaus Analysts Give Air Canada (TSE:AC) a C$20.00 Price Target

Stifel Nicolaus set a C$20.00 price target on Air Canada (TSE:AC) in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Air Canada from C$41.00 to C$36.00 in a research report on Thursday, August 8th. CIBC decreased their price target on shares of Air Canada from C$28.00 to C$25.00 and set an “outperform” rating for the company in a report on Tuesday, July 23rd. Royal Bank of Canada decreased their price target on shares of Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a report on Tuesday, July 23rd. Jefferies Financial Group raised their price target on shares of Air Canada from C$16.00 to C$18.00 in a report on Wednesday, October 2nd. Finally, BMO Capital Markets decreased their price target on shares of Air Canada from C$33.00 to C$28.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Air Canada presently has an average rating of “Moderate Buy” and an average price target of C$23.70.

Air Canada Trading Up 0.5 %

TSE:AC opened at C$18.28 on Wednesday. Air Canada has a 52 week low of C$14.47 and a 52 week high of C$20.47. The firm has a 50 day moving average of C$15.99 and a 200 day moving average of C$17.42. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,070.99. The stock has a market capitalization of C$6.55 billion, a price-to-earnings ratio of 4.08, a PEG ratio of 0.02 and a beta of 2.39.

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

Insider Buying and Selling

In other news, Senior Officer Christophe Hennebelle purchased 1,900 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of C$15.70 per share, for a total transaction of C$29,830.00. 0.14% of the stock is currently owned by corporate insiders.

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.