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

Air Canada (TSE:AC) had its price target 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 brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 21.80% from the company’s current price.

AC has been the subject of several other reports. Jefferies Financial Group boosted their target price on shares of Air Canada from C$17.00 to C$19.00 in a research report on Tuesday, March 31st. JPMorgan Chase & Co. decreased their price target on Air Canada from C$27.00 to C$23.00 in a research note on Monday, May 4th. Canadian Imperial Bank of Commerce lowered their price objective on Air Canada from C$25.00 to C$22.00 in a report on Wednesday, April 8th. Scotiabank cut Air Canada from an “outperform” rating to a “hold” rating and cut their price objective for the company from C$27.00 to C$21.00 in a research note on Tuesday, March 10th. Finally, Canaccord Genuity Group increased their target price on Air Canada from C$20.00 to C$26.00 and gave the stock a “hold” rating in a report on Monday. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$25.04.

Air Canada Trading Down 2.9%

TSE AC traded down C$0.74 during trading hours on Wednesday, hitting C$24.63. 1,842,599 shares of the company’s stock were exchanged, compared to its average volume of 3,014,858. The business’s 50 day moving average is C$21.57 and its 200-day moving average is C$19.99. The company has a debt-to-equity ratio of 452.24, a quick ratio of 1.05 and a current ratio of 0.60. Air Canada has a 12-month low of C$16.45 and a 12-month high of C$25.50. The firm has a market capitalization of C$7.07 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 0.02 and a beta of 2.00.

Air Canada (TSE:AC) last issued its earnings results on Thursday, April 30th. The company reported C($0.05) EPS for the quarter. The business had revenue of C$5.79 billion during the quarter. Air Canada had a net margin of 3.46% and a return on equity of 34.23%. As a group, 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.