Air Canada (TSE:AC) Price Target Increased to C$33.00 by Analysts at ATB Capital

Air Canada (TSE:AC) had its price objective lifted by ATB Capital from C$32.00 to C$33.00 in a research note issued to investors on Friday, BayStreet.CA reports.

AC has been the subject of several other reports. CIBC reduced their target price on Air Canada from C$30.00 to C$28.00 and set an outperform rating for the company in a research report on Friday. National Bankshares decreased their target price on shares of Air Canada from C$31.00 to C$30.00 and set an outperform rating on the stock in a research report on Friday. Scotiabank dropped their price target on shares of Air Canada from C$30.00 to C$29.00 and set an outperform rating for the company in a research report on Thursday, March 28th. TD Securities decreased their price objective on Air Canada from C$34.00 to C$33.00 and set a buy rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. raised their target price on Air Canada from C$38.00 to C$41.00 and gave the stock an overweight rating in a research report on Thursday, February 22nd. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of C$30.12.

Air Canada Stock Performance

TSE AC opened at C$18.83 on Friday. The company’s fifty day moving average is C$19.02 and its two-hundred day moving average is C$18.44. The firm has a market capitalization of C$6.75 billion, a price-to-earnings ratio of 3.16, a P/E/G ratio of 0.02 and a beta of 2.42. The company has a debt-to-equity ratio of 1,741.46, a current ratio of 1.02 and a quick ratio of 1.06. Air Canada has a 52-week low of C$16.04 and a 52-week high of C$26.04.

Air Canada (TSE:AC) last issued its quarterly earnings results on Friday, February 16th. The company reported C($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.05) by C($0.07). The company had revenue of C$5.18 billion during the quarter, compared to analysts’ expectations of C$5.05 billion. Equities research analysts forecast that Air Canada will post 2.9024768 EPS for the current year.

Insider Activity

In related news, Senior Officer Mark Youssef Nasr purchased 2,406 shares of Air Canada stock in a transaction that occurred on Thursday, February 29th. The shares were acquired at an average price of C$18.21 per share, for a total transaction of C$43,823.37. 0.17% of the stock is currently owned by corporate insiders.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names 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.