Air Canada (TSE:AC) had its target price reduced by Cowen from C$34.00 to C$33.00 in a report issued on Thursday morning.

A number of other brokerages have also issued reports on AC. BMO Capital Markets boosted their target price on Air Canada from C$39.00 to C$42.00 in a research report on Monday, December 17th. JPMorgan Chase & Co. boosted their target price on Air Canada from C$30.00 to C$34.00 in a research report on Friday, November 2nd. Raymond James boosted their target price on Air Canada from C$22.50 to C$24.00 and gave the company a market perform rating in a research report on Thursday, November 1st. Finally, National Bank Financial boosted their target price on Air Canada from C$29.00 to C$32.00 and gave the company an outperform rating in a research report on Thursday, November 1st. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of C$35.18.

AC stock opened at C$27.22 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.13 and a debt-to-equity ratio of 146.77. Air Canada has a one year low of C$20.33 and a one year high of C$29.39.

Air Canada (TSE:AC) last released its quarterly earnings results on Wednesday, October 31st. The company reported C$2.03 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of C$2.03. The firm had revenue of C$5.42 billion for the quarter, compared to analysts’ expectations of C$5.41 billion. As a group, equities analysts expect that Air Canada will post 3.65000012068333 earnings per share for the current fiscal year.

In other news, Director Christie James Beckett Clark bought 3,700 shares of the stock in a transaction that occurred on Monday, November 12th. The stock was purchased at an average price of C$26.60 per share, for a total transaction of C$98,420.00. Also, insider Carolyn Hadrovic sold 3,708 shares of the business’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of C$29.20, for a total transaction of C$108,273.60. In the last ninety days, insiders have bought 6,900 shares of company stock worth $186,038 and have sold 6,425 shares worth $179,704.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Express and Air Canada Rouge brand name in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.

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Analyst Recommendations for Air Canada (TSE:AC)

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