Air Canada (TSE:AC) Receives C$25.04 Consensus Price Target from Brokerages

Shares of Air Canada (TSE:AC) have received a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$24.88.

Several equities analysts have weighed in on the company. National Bank Financial raised Air Canada from a “hold” rating to an “outperform” rating and increased their price objective for the company from C$22.00 to C$29.00 in a report on Tuesday, July 7th. Stifel Nicolaus dropped their price target on Air Canada from C$28.00 to C$25.50 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. ATB Cormark Capital Markets cut their price target on Air Canada from C$33.00 to C$32.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. BMO Capital Markets lifted their price objective on Air Canada from C$26.00 to C$30.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. lowered their price objective on Air Canada from C$27.00 to C$23.00 in a research note on Monday, May 4th.

Air Canada Trading Down 0.4%

TSE AC opened at C$22.73 on Friday. The stock has a market capitalization of C$6.70 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 0.02 and a beta of 2.00. Air Canada has a one year low of C$16.45 and a one year high of C$25.50. The company has a debt-to-equity ratio of 452.24, a current ratio of 0.60 and a quick ratio of 1.05. The business’s fifty day moving average is C$22.48 and its 200-day moving average is C$20.28.

Air Canada (TSE:AC) last announced its quarterly earnings data on Thursday, April 30th. The company reported C($0.05) EPS for the quarter. Air Canada had a return on equity of 34.23% and a net margin of 3.46%.The company had revenue of C$5.79 billion during the quarter. Equities research analysts predict that Air Canada will post 2.5789474 EPS for the current year.

About Air Canada

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.