Air Canada (TSE:AC) Stock Gets Price Target Cut from Stifel Nicolaus

Air Canada (TSE:AC) had its price target lowered by equities researchers at Stifel Nicolaus from C$38.00 to C$32.00 in a research note issued to investors on Thursday, BayStreet reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus‘s price objective would indicate a potential upside of 47.19% from the company’s previous close.

AC has been the subject of a number of other research reports. Canaccord Genuity Group upgraded Air Canada from a “hold” rating to a “buy” rating and reduced their price objective for the company from C$29.00 to C$25.00 in a research report on Thursday, October 22nd. National Bank Financial cut their price target on Air Canada from C$40.00 to C$37.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Royal Bank Of Canada increased their price objective on shares of Air Canada from C$28.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Jefferies Financial Group downgraded shares of Air Canada from a “hold” rating to a “moderate sell” rating and dropped their price objective for the stock from C$26.00 to C$19.00 in a report on Monday, October 19th. Finally, BMO Capital Markets upped their target price 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. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Air Canada has an average rating of “Moderate Buy” and an average price target of C$32.12.

Air Canada Stock Performance

AC stock traded down C$0.08 on Thursday, hitting C$21.74. The company had a trading volume of 1,436,915 shares, compared to its average volume of 2,907,143. The company has a current ratio of 0.60, a quick ratio of 1.05 and a debt-to-equity ratio of 478.10. Air Canada has a 12-month low of C$16.45 and a 12-month high of C$31.45. The stock has a market cap of C$5.49 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 0.02 and a beta of 1.86. The stock’s 50-day simple moving average is C$26.02 and its 200 day simple moving average is C$22.33.

Air Canada (TSE:AC) last announced its earnings results on Tuesday, August 11th. The company reported C$0.40 earnings per share for the quarter. The business had revenue of C$6.27 billion during the quarter. Air Canada had a net margin of 1.82% and a return on equity of 16.92%. As a group, equities research analysts expect that Air Canada will post 2.58 earnings per share 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.