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

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

A number of other equities analysts have also recently weighed in on the company. Stifel Nicolaus upgraded Air Canada from a “hold” rating to a “buy” rating and upped their price target for the stock from C$20.00 to C$25.50 in a report on Monday. JPMorgan Chase & Co. decreased their price target on shares of Air Canada from C$41.00 to C$36.00 in a research report on Thursday, August 8th. ATB Capital decreased their price target on shares of Air Canada from C$27.00 to C$26.50 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. Cormark decreased their price target on shares of Air Canada from C$25.50 to C$21.25 in a research report on Tuesday, July 23rd. Finally, Jefferies Financial Group raised their price target on shares of Air Canada from C$16.00 to C$18.00 in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Air Canada currently has an average rating of “Moderate Buy” and an average price target of C$25.25.

Air Canada Stock Up 4.4 %

TSE AC opened at C$23.16 on Monday. The stock has a market cap of C$8.30 billion, a PE ratio of 5.17, a P/E/G ratio of 0.02 and a beta of 2.39. Air Canada has a fifty-two week low of C$14.47 and a fifty-two week high of C$23.21. The business has a 50 day moving average price of C$17.12 and a two-hundred day moving average price of C$17.45. 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.

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, topping analysts’ consensus estimates 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 return on equity of 603.77% and a net margin of 7.92%. As a group, sell-side analysts predict that Air Canada will post 2.5789474 EPS for the current fiscal year.

Insider Buying and Selling

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

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.