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

Air Canada (TSE:ACFree Report) had its price target hoisted by Canaccord Genuity Group from C$25.00 to C$29.00 in a research note released on Monday,BayStreet.CA reports.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group upped their price objective on shares of Air Canada from C$16.00 to C$18.00 in a research report on Wednesday, October 2nd. Stifel Nicolaus upgraded shares of Air Canada from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$20.00 to C$25.50 in a research report on Monday. Scotiabank upped their price objective on shares of Air Canada from C$24.00 to C$26.50 in a research report on Monday. Raymond James decreased their price objective on shares of Air Canada from C$28.00 to C$22.00 and set an “outperform” rating for the company in a research report on Tuesday, July 23rd. Finally, National Bankshares upped their price target on shares of Air Canada from C$22.00 to C$27.00 in a research report on Monday. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Air Canada has an average rating of “Moderate Buy” and a consensus price target of C$25.25.

Read Our Latest Stock Analysis on Air Canada

Air Canada Price Performance

TSE:AC opened at C$23.14 on Monday. The firm’s fifty day moving average is C$17.12 and its two-hundred day moving average is C$17.45. The firm has a market cap of C$8.30 billion, a price-to-earnings ratio of 5.17, a PEG ratio of 0.02 and a beta of 2.39. Air Canada has a one year low of C$14.47 and a one year high of C$23.70. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85.

Air Canada (TSE:ACGet Free Report) last issued its quarterly earnings data 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 business had revenue of C$5.52 billion during the quarter, compared to the consensus estimate of C$5.55 billion. Air Canada had a net margin of 7.92% and a return on equity of 603.77%. Research analysts expect that Air Canada will post 2.5789474 EPS for the current year.

About Air Canada

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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.

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Analyst Recommendations for Air Canada (TSE:AC)

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