Air Canada (TSE:AC) Price Target Raised to C$30.00 at Stifel Nicolaus

Air Canada (TSE:AC) had its target price lifted by investment analysts at Stifel Nicolaus from C$25.50 to C$30.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 31.52% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. National Bank Financial upgraded Air Canada from a “hold” rating to an “outperform” rating and upped their target price for the stock from C$22.00 to C$29.00 in a report on Tuesday, July 7th. Canadian Imperial Bank of Commerce decreased their price objective on Air Canada from C$25.00 to C$22.00 in a report on Wednesday, April 8th. Royal Bank Of Canada upped their price objective on shares of Air Canada from C$22.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Jefferies Financial Group raised their target price on shares of Air Canada from C$17.00 to C$19.00 in a research report on Tuesday, March 31st. Finally, ATB Cormark Capital Markets reduced their price target on shares of Air Canada from C$33.00 to C$32.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Air Canada has a consensus rating of “Moderate Buy” and an average target price of C$25.25.

Air Canada Trading Up 0.4%

Shares of TSE:AC traded up C$0.08 during trading on Wednesday, reaching C$22.81. 908,893 shares of the company were exchanged, compared to its average volume of 2,940,204. The business’s fifty day simple moving average is C$22.48 and its 200-day simple moving average is C$20.28. The company has a debt-to-equity ratio of 452.24, a current ratio of 0.60 and a quick ratio of 1.05. Air Canada has a 12-month low of C$16.45 and a 12-month high of C$25.50. The firm has a market capitalization of C$6.72 billion, a PE ratio of 9.43, a P/E/G ratio of 0.02 and a beta of 2.00.

Air Canada (TSE:AC) last announced its quarterly earnings results on Thursday, April 30th. The company reported C($0.05) earnings per share (EPS) for the quarter. Air Canada had a net margin of 3.46% and a return on equity of 34.23%. The firm had revenue of C$5.79 billion during the quarter. On average, research analysts anticipate that Air Canada will post 2.5789474 EPS for the current year.

About Air Canada

Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Headquartered in Montréal, Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, with more than 10 million members worldwide. Members can earn or redeem points on the world’s largest airline partner network of more than 50 airlines, plus through an extensive range of merchandise, hotel and car rental partners.