Air Canada (TSE:AC) Stock Has Consensus Price Target of C$33.08

Shares of Air Canada (TSE:AC) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$33.08.

Several research firms recently weighed in on AC. Canaccord Genuity Group raised their price objective on Air Canada from C$20.00 to C$26.00 and gave the company a “hold” rating in a report on Monday, July 6th. BMO Capital Markets boosted their price target on Air Canada from C$30.00 to C$37.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Scotiabank raised Air Canada from a “hold” rating to a “sector outperform” rating and upped their price objective for the company from C$26.00 to C$33.50 in a research note on Tuesday, August 11th. Royal Bank Of Canada lifted their target price on shares of Air Canada from C$28.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. Finally, Stifel Nicolaus boosted their price objective on shares of Air Canada from C$30.00 to C$38.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th.

Air Canada Trading Down 3.6%

Shares of AC opened at C$25.35 on Wednesday. The company has a debt-to-equity ratio of 478.10, a quick ratio of 1.05 and a current ratio of 0.60. Air Canada has a 52-week low of C$16.45 and a 52-week high of C$31.45. The firm has a market cap of C$6.41 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 0.02 and a beta of 2.02. The business’s fifty day moving average is C$27.65 and its 200-day moving average is C$23.17.

Air Canada (TSE:AC) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.40 earnings per share for the quarter. The company had revenue of C$6.27 billion for the quarter. Air Canada had a net margin of 1.82% and a return on equity of 16.92%. Equities analysts anticipate that Air Canada will post 2.5789474 EPS for the current fiscal year.

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.