Air Canada (TSE:AC) Stock Rating Lowered by Jefferies Financial Group

Air Canada (TSE:AC) was downgraded by equities research analysts at Jefferies Financial Group from a “hold” rating to an “underperform” rating in a research report issued on Monday, BayStreet reports. They presently have a C$19.00 price target on the stock, down from their prior price target of C$26.00. Jefferies Financial Group’s price objective points to a potential downside of 10.88% from the stock’s current price.

Other analysts have also issued research reports about the stock. BMO Capital Markets raised their price target on shares of Air Canada from C$30.00 to C$37.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. UBS Group upped their price objective on Air Canada from C$24.00 to C$33.00 in a report on Thursday, August 13th. Scotiabank decreased their price objective on Air Canada from C$37.50 to C$33.00 and set a “sector outperform” rating on the stock in a research report on Thursday. Royal Bank Of Canada lifted their target price on Air Canada from C$28.00 to C$37.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Finally, National Bank Financial dropped their target price on Air Canada from C$40.00 to C$37.00 and set an “outperform” rating for the company in a research report on Thursday. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$33.04.

Air Canada Price Performance

TSE:AC traded down C$0.67 during mid-day trading on Monday, reaching C$21.32. 2,610,168 shares of the company were exchanged, compared to its average volume of 2,929,037. The company has a quick ratio of 1.05, a current ratio of 0.60 and a debt-to-equity ratio of 478.10. The stock has a market cap of C$5.39 billion, a PE ratio of 16.27, a PEG ratio of 0.02 and a beta of 1.86. Air Canada has a 12 month low of C$16.45 and a 12 month high of C$31.45. The company has a fifty day moving average of C$27.19 and a 200 day moving average of C$23.61.

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 net margin of 1.82% and a return on equity of 16.92%. The company had revenue of C$6.27 billion for the quarter. On average, research analysts anticipate that Air Canada will post 2.58 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.