Air Canada (TSE:AC) Price Target Raised to C$28.00 at ATB Capital

Air Canada (TSE:AC) had its target price upped by ATB Capital from C$26.50 to C$28.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.

A number of other analysts have also recently issued reports on the stock. Scotiabank lifted their target price on shares of Air Canada from C$24.00 to C$26.50 in a research note on Monday. National Bankshares lifted their price target on shares of Air Canada from C$22.00 to C$27.00 in a research report on Monday. Stifel Canada raised shares of Air Canada to a “hold” rating in a research report on Tuesday, October 15th. BMO Capital Markets lifted their price target on shares of Air Canada from C$28.00 to C$29.00 in a research report on Monday. Finally, TD Securities dropped their price target on shares of Air Canada from C$25.00 to C$19.00 in a research report on Wednesday, July 24th. Two 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.25.

Air Canada Price Performance

TSE AC opened at C$23.14 on Monday. 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$8.30 billion, a PE ratio of 5.17, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a 50 day moving average price of C$17.12 and a two-hundred day moving average price of C$17.45. Air Canada has a 12-month low of C$14.47 and a 12-month high of C$23.70.

Air Canada (TSE:AC) last posted its earnings results on Wednesday, August 7th. The company reported C$0.98 earnings per share (EPS) for the quarter, beating 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 net margin of 7.92% and a return on equity of 603.77%. As a group, equities analysts predict that Air Canada will post 2.5789474 earnings per share for the current fiscal year.

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.