Air Canada (AC) Price Target Raised to C$44.00
Air Canada (TSE:AC) had its target price raised by National Bank Financial from C$39.00 to C$44.00 in a research note released on Saturday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock. National Bank Financial also issued estimates for Air Canada’s FY2020 earnings at $3.41 EPS.
Several other equities research analysts also recently weighed in on the company. Morgan Stanley set a C$46.00 price objective on Air Canada and gave the company an overweight rating in a report on Friday, April 5th. Cormark reissued a buy rating and issued a C$47.00 price objective on shares of Air Canada in a report on Tuesday, March 19th. Canaccord Genuity increased their price objective on Air Canada from C$40.00 to C$45.00 in a report on Monday, March 4th. Cowen increased their price objective on Air Canada from C$39.00 to C$41.00 in a report on Monday, March 4th. Finally, Royal Bank of Canada increased their price objective on Air Canada from C$36.00 to C$43.00 and gave the company an outperform rating in a report on Friday, March 1st. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of C$41.91.
Shares of AC opened at C$31.95 on Friday. The company has a debt-to-equity ratio of 164.94, a current ratio of 1.24 and a quick ratio of 1.08. The company has a market capitalization of $8.81 billion and a P/E ratio of 53.25. Air Canada has a 52-week low of C$20.33 and a 52-week high of C$35.50.
Air Canada Company Profile
Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations 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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