Air Canada (TSE:AC) Stock Gets Price Target Trim from BMO Capital Markets

Air Canada (TSE:AC) had its target price trimmed by BMO Capital Markets from C$35.00 to C$33.00 in a report published on Friday,BayStreet reports. The firm currently has an outperform rating on the stock.

AC has been the subject of a number of other research reports. Royal Bank Of Canada lifted their price target on shares of Air Canada from C$28.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Scotiabank decreased their target price on shares of Air Canada from C$37.50 to C$33.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 15th. National Bank Financial lowered their price objective on shares of Air Canada from C$37.00 to C$33.00 and set an “outperform” rating on the stock in a research note on Friday. Canadian Imperial Bank of Commerce upped their price objective on shares of Air Canada from C$26.00 to C$40.00 in a research note on Friday, August 14th. Finally, UBS Group raised their price target on shares of Air Canada from C$24.00 to C$33.00 in a report on Thursday, August 13th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Air Canada has an average rating of “Moderate Buy” and an average price target of C$31.00.

Air Canada Price Performance

Shares of TSE AC opened at C$20.19 on Friday. The company has a current ratio of 0.64, a quick ratio of 1.05 and a debt-to-equity ratio of 517.55. The stock has a market cap of C$5.10 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 0.02 and a beta of 1.86. The company’s 50-day moving average price is C$25.70 and its 200 day moving average price is C$22.35. Air Canada has a 52 week low of C$16.45 and a 52 week high of C$31.45.

Air Canada (TSE:AC) last released its quarterly earnings data on Thursday, October 29th. The company reported C$0.75 EPS for the quarter. Air Canada had a return on equity of 12.10% and a net margin of 1.23%. The company had revenue of C$6.98 billion for the quarter. As a group, research analysts forecast that Air Canada will post 2.58 earnings per share for the current fiscal year.

More Air Canada News

Here are the key news stories impacting Air Canada this week:

• Positive Sentiment: Air Canada reported third-quarter earnings of C$0.75 per share on C$6.98 billion in revenue, while adjusted earnings beat expectations. The results provide evidence of resilient operating performance and may support the bullish case for the shares. Air Canada Third-Quarter Adjusted Earnings Beat Estimates
• Neutral Sentiment: Scotia, National Bank Financial and BMO Capital Markets lowered their price targets to C$31, C$33 and C$33, respectively, but retained positive ratings ranging from “sector outperform” to “outperform.” Stifel Nicolaus also cut its target to C$32 while maintaining a “buy” rating. The reductions signal more cautious estimates, but the targets imply roughly 54%–64% upside from recent levels. Analyst Recommendations
• Neutral Sentiment: Coverage is focusing on Air Canada’s winter route changes and potential travel-market opportunities. Expanded or better-optimized routes could support demand, but changes to U.S. service are being closely scrutinized by investors. Which Winter Routes Could Boost Travel Options?
• Negative Sentiment: Reports that Air Canada is switching some U.S. routes appear to have unsettled investors, raising questions about network demand, capacity allocation and near-term revenue growth. Air Canada Is Switching Up Some of Its U.S. Routes
• Negative Sentiment: Scotiabank issued a negative earnings estimate for Air Canada, while ATB Capital Markets also reduced its price target, adding to the cautious tone surrounding the stock. Scotiabank Issues Negative Estimate

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.