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

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

Several other brokerages also recently commented on AC. Scotiabank increased their price target on Air Canada from C$24.00 to C$26.50 in a report on Monday. National Bankshares raised their price objective on shares of Air Canada from C$22.00 to C$27.00 in a research note on Monday. TD Securities lowered their price objective on shares of Air Canada from C$25.00 to C$19.00 in a research note on Wednesday, July 24th. ATB Capital lowered their price objective on shares of Air Canada from C$27.00 to C$26.50 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Finally, Royal Bank of Canada lowered their price objective on shares of Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 23rd. Two equities 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’s stock. According to MarketBeat.com, Air Canada has a consensus rating of “Moderate Buy” and a consensus target price of C$25.25.

Air Canada Trading Up 4.4 %

Shares of AC stock opened at C$23.16 on Monday. Air Canada has a 12 month low of C$14.47 and a 12 month high of C$23.21. 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 business’s 50 day moving average is C$17.12 and its two-hundred day moving average is C$17.45. The company has a market cap of C$8.30 billion, a PE ratio of 5.17, 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 EPS for the quarter, beating the consensus estimate of C$0.85 by C$0.13. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. The company had revenue of C$5.52 billion for the quarter, compared to the consensus estimate of C$5.55 billion. Equities analysts predict that Air Canada will post 2.5789474 EPS for the current year.

Insider Buying and Selling at Air Canada

In related news, Senior Officer Christophe Hennebelle acquired 1,900 shares of the business’s stock in a transaction on Friday, August 9th. The stock was bought at an average cost of C$15.70 per share, with a total value of C$29,830.00. Company insiders own 0.14% of the company’s stock.

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.