National Bank Financial Forecasts Strong Price Appreciation for Air Canada (TSE:AC) Stock

Air Canada (TSE:AC) had its price objective boosted by research analysts at National Bank Financial from C$29.00 to C$40.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 31.19% from the company’s current price.

AC has been the topic of a number of other research reports. BMO Capital Markets boosted their price objective on shares of Air Canada from C$30.00 to C$37.00 and gave the stock an “outperform” rating in a report on Wednesday. Canaccord Genuity Group raised their target price on Air Canada from C$20.00 to C$26.00 and gave the company a “hold” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. dropped their target price on Air Canada from C$27.00 to C$23.00 in a research report on Monday, May 4th. Stifel Nicolaus boosted their price target on Air Canada from C$25.50 to C$30.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, Royal Bank Of Canada boosted their price target on 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. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$29.88.

Air Canada Stock Down 0.4%

TSE AC traded down C$0.12 on Thursday, reaching C$30.49. The company had a trading volume of 2,359,806 shares, compared to its average volume of 2,963,073. 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 1 year low of C$16.45 and a 1 year high of C$31.45. The firm has a 50-day moving average of C$24.12 and a 200-day moving average of C$20.97. The firm has a market capitalization of C$8.75 billion, a PE ratio of 12.60, a P/E/G ratio of 0.02 and a beta of 2.02.

Air Canada (TSE:AC) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C$0.40 earnings per share (EPS) for the quarter. The company had revenue of C$6.27 billion for the quarter. Air Canada had a net margin of 3.46% and a return on equity of 34.23%. On average, equities research analysts anticipate that Air Canada will post 2.5789474 EPS for the current fiscal 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.