Air Canada (TSE:AC) Price Target Raised to C$26.50

Air Canada (TSE:AC) had its price objective lifted by Scotiabank from C$25.00 to C$26.50 in a report released on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus reduced their price objective on shares of Air Canada from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. Canaccord Genuity Group cut their target price on Air Canada from C$28.00 to C$25.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. CIBC decreased their price target on Air Canada from C$24.00 to C$22.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. BMO Capital Markets lowered their price objective on Air Canada from C$28.00 to C$27.00 in a research report on Thursday, October 9th. Finally, National Bankshares lifted their price objective on Air Canada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 14th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$24.42.

Air Canada Stock Performance

Shares of AC stock opened at C$19.36 on Wednesday. The firm has a market capitalization of C$5.73 billion, a price-to-earnings ratio of -28.06, a PEG ratio of 0.02 and a beta of 1.75. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. The business’s 50-day moving average price is C$19.09 and its 200-day moving average price is C$19.22. Air Canada has a 12 month low of C$12.69 and a 12 month high of C$23.72.

Air Canada (TSE:AC) last issued its quarterly earnings data on Tuesday, November 4th. The company reported C$0.75 earnings per share (EPS) for the quarter. Air Canada had a net margin of 11.57% and a return on equity of 177.01%. The business had revenue of C$5.77 billion during the quarter. Equities research analysts forecast that Air Canada will post 2.5789474 EPS for the current year.

Air Canada Company Profile

Air Canada is Canada’s largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.