Jefferies Financial Group Raises Air Canada (TSE:AC) Price Target to C$22.00

Air Canada (TSE:AC) had its price objective hoisted by Jefferies Financial Group from C$18.00 to C$22.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports.

AC has been the topic of a number of other research reports. Stifel Canada upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 3rd. CIBC raised their price target on Air Canada from C$25.00 to C$27.00 in a research note on Monday, November 4th. TD Securities cut their price objective on Air Canada from C$25.00 to C$19.00 in a report on Wednesday, July 24th. Cormark increased their target price on Air Canada from C$21.75 to C$26.75 in a report on Monday, November 4th. Finally, Scotiabank boosted their price target on Air Canada from C$24.00 to C$26.50 in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Air Canada presently has an average rating of “Moderate Buy” and a consensus price target of C$25.25.

Air Canada Trading Down 2.6 %

Shares of TSE:AC opened at C$22.54 on Tuesday. The company has a debt-to-equity ratio of 1,070.99, a current ratio of 0.85 and a quick ratio of 1.06. Air Canada has a 1 year low of C$14.47 and a 1 year high of C$23.70. The company has a market cap of C$8.08 billion, a P/E ratio of 5.03, a PEG ratio of 0.02 and a beta of 2.39. The stock’s fifty day moving average price is C$17.42 and its 200-day moving average price is C$17.51.

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 the consensus estimate of C$0.85 by C$0.13. Air Canada had a net margin of 7.92% and a return on equity of 603.77%. The business had revenue of C$5.52 billion for the quarter, compared to analysts’ expectations of C$5.55 billion. Sell-side analysts expect that Air Canada will post 2.5789474 earnings per share for the current year.

About Air Canada

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.