Air Canada (TSE:AC) Price Target Raised to C$45.00 at ATB Cormark Capital Markets

Air Canada (TSE:AC) had its price objective boosted by ATB Cormark Capital Markets from C$32.00 to C$45.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price indicates a potential upside of 47.59% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. TD dropped their price target on Air Canada from C$23.00 to C$21.00 in a research note on Monday, April 20th. Scotiabank raised shares of Air Canada from a “hold” rating to a “sector outperform” rating and increased their price objective for the company from C$26.00 to C$33.50 in a research report on Tuesday. UBS Group lifted their target price on shares of Air Canada from C$24.00 to C$33.00 in a research note on Thursday. JPMorgan Chase & Co. dropped their target price on shares of Air Canada from C$27.00 to C$23.00 in a research report on Monday, May 4th. Finally, Stifel Nicolaus upped their price target on shares of Air Canada from C$25.50 to C$30.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Air Canada has a consensus rating of “Moderate Buy” and a consensus target price of C$29.88.

Air Canada Stock Down 0.4%

Shares of Air Canada stock traded down C$0.12 during trading on Thursday, reaching C$30.49. The company’s stock had a trading volume of 2,359,806 shares, compared to its average volume of 2,963,073. Air Canada has a 1-year low of C$16.45 and a 1-year high of C$31.45. The company has a 50-day simple moving average of C$24.12 and a two-hundred day simple moving average of C$20.97. 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$8.75 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 0.02 and a beta of 2.02.

Air Canada (TSE:AC) last announced its earnings results on Tuesday, August 11th. The company reported C$0.40 earnings per share (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$6.27 billion for the quarter. As a group, equities analysts forecast that Air Canada will post 2.5789474 earnings per share for the current 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.