Air Canada (TSE:AC) Given New C$30.00 Price Target at BMO Capital Markets

Air Canada (TSE:AC) had its price objective increased by analysts at BMO Capital Markets from C$26.00 to C$30.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 21.80% from the company’s previous close.

AC has been the subject of a number of other reports. Scotiabank downgraded shares of Air Canada from an “outperform” rating to a “hold” rating and cut their price target for the company from C$27.00 to C$21.00 in a report on Tuesday, March 10th. Stifel Nicolaus dropped their target price on shares of Air Canada from C$28.00 to C$25.50 and set a “buy” rating on the stock in a report on Tuesday, April 28th. JPMorgan Chase & Co. cut their target price on shares of Air Canada from C$27.00 to C$23.00 in a research note on Monday, May 4th. National Bank Financial upgraded shares of Air Canada from a “hold” rating to an “outperform” rating and raised their target price for the stock from C$22.00 to C$29.00 in a report on Tuesday. Finally, Royal Bank Of Canada lifted their price target on shares of Air Canada from C$22.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Air Canada presently has a consensus rating of “Moderate Buy” and an average price target of C$25.04.

Air Canada Price Performance

TSE AC traded down C$0.74 on Wednesday, reaching C$24.63. 1,842,599 shares of the stock traded hands, compared to its average volume of 3,014,858. The firm’s fifty day simple moving average is C$21.57 and its 200 day simple moving average is C$19.99. The company has a quick ratio of 1.05, a current ratio of 0.60 and a debt-to-equity ratio of 452.24. The company has a market cap of C$7.07 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 0.02 and a beta of 2.00. Air Canada has a 12 month low of C$16.45 and a 12 month high of C$25.50.

Air Canada (TSE:AC) last announced its quarterly earnings data on Thursday, April 30th. The company reported C($0.05) earnings per share for the quarter. Air Canada had a net margin of 3.46% and a return on equity of 34.23%. The firm had revenue of C$5.79 billion during the quarter. As a group, research analysts predict 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.