Air Canada (TSE:AC) Stock Has Consensus Target Price of C$32.73 According to Brokerages

Air Canada (TSE:AC) has been given an average rating of “Moderate Buy” by the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$32.58.

A number of equities analysts have recently issued reports on AC shares. Scotiabank dropped their price target on Air Canada from C$37.50 to C$33.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 15th. BMO Capital Markets upped 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 research note on Wednesday, August 12th. National Bank Financial cut their target price on shares of Air Canada from C$40.00 to C$37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. ATB Cormark Capital Markets reduced their price target on shares of Air Canada from C$45.00 to C$43.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Stifel Nicolaus boosted their price target on shares of Air Canada from C$30.00 to C$38.00 and gave the company a “buy” rating in a report on Wednesday, August 19th.

Air Canada Trading Up 2.7%

AC stock opened at C$22.14 on Friday. The company has a market capitalization of C$5.60 billion, a PE ratio of 16.90, a P/E/G ratio of 0.02 and a beta of 1.86. Air Canada has a 12 month low of C$16.45 and a 12 month high of C$31.45. The firm’s 50-day moving average is C$26.18 and its 200 day moving average is C$22.32. The company has a debt-to-equity ratio of 478.10, a current ratio of 0.60 and a quick ratio of 1.05.

Air Canada (TSE:AC) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.40 earnings per share for the quarter. Air Canada had a net margin of 1.82% and a return on equity of 16.92%. The firm had revenue of C$6.27 billion during the quarter. On average, research analysts anticipate that Air Canada will post 2.58 EPS for the current year.

Air Canada Company Profile

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.