Air Canada (TSE:AC) Given New C$26.75 Price Target at Cormark

Air Canada (TSE:AC) had its target price hoisted by Cormark from C$21.75 to C$26.75 in a research report released on Monday morning, BayStreet.CA reports. Cormark also issued estimates for Air Canada’s Q4 2024 earnings at $0.26 EPS, FY2024 earnings at $3.61 EPS, Q1 2025 earnings at $0.02 EPS, Q2 2025 earnings at $1.32 EPS, Q3 2025 earnings at $2.83 EPS, Q4 2025 earnings at $0.04 EPS and FY2025 earnings at $4.21 EPS.

AC has been the topic of several other research reports. Stifel Nicolaus upgraded Air Canada from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$20.00 to C$25.50 in a report on Monday. TD Securities decreased their price objective on Air Canada from C$25.00 to C$19.00 in a report on Wednesday, July 24th. CIBC reduced their price target on Air Canada from C$28.00 to C$25.00 and set an “outperform” rating on the stock in a report on Tuesday, July 23rd. Scotiabank boosted their price target on Air Canada from C$24.00 to C$26.50 in a report on Monday. Finally, Citigroup boosted their price target on Air Canada from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.25.

Air Canada Stock Up 4.4 %

AC opened at C$23.16 on Monday. The company has a market cap of C$8.30 billion, a P/E ratio of 5.17, a P/E/G ratio of 0.02 and a beta of 2.39. The business’s 50-day moving average price is C$17.12 and its 200-day moving average price is C$17.45. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99. Air Canada has a 12 month low of C$14.47 and a 12 month high of C$23.21.

Air Canada (TSE:AC) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.98 EPS for the quarter, topping the consensus estimate of C$0.85 by C$0.13. The firm had revenue of C$5.52 billion for the quarter, compared to the consensus estimate of C$5.55 billion. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. On average, equities analysts expect 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 purchased 1,900 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average cost of C$15.70 per share, with a total value of C$29,830.00. 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.