Air Canada (TSE:AC) Price Target Cut to C$33.00

Air Canada (TSE:AC) had its target price cut by TD Securities from C$34.00 to C$33.00 in a research report released on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

AC has been the topic of several other reports. CIBC reduced their price target on Air Canada from C$30.00 to C$28.00 and set an outperform rating on the stock in a research report on Friday. ATB Capital reduced their target price on Air Canada from C$33.00 to C$32.00 and set an outperform rating on the stock in a report on Tuesday, February 20th. Royal Bank of Canada set a C$18.00 price target on Air Canada and gave the company a sector perform rating in a research note on Thursday, April 4th. BMO Capital Markets reissued a buy rating and set a C$32.00 price objective on shares of Air Canada in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of Air Canada from C$38.00 to C$41.00 and gave the company an overweight rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$30.12.

Air Canada Stock Up 0.1 %

Shares of TSE AC opened at C$18.76 on Friday. Air Canada has a 1 year low of C$16.04 and a 1 year high of C$26.04. The firm’s 50-day moving average is C$19.01 and its 200-day moving average is C$18.43. The company has a current ratio of 1.02, a quick ratio of 1.06 and a debt-to-equity ratio of 1,741.46. The firm has a market capitalization of C$6.72 billion, a PE ratio of 3.15, a price-to-earnings-growth ratio of 0.02 and a beta of 2.42.

Air Canada (TSE:AC) last announced its quarterly earnings data on Friday, February 16th. The company reported C($0.12) earnings per share for the quarter, missing the consensus estimate of C($0.05) by C($0.07). The company had revenue of C$5.18 billion for the quarter, compared to analyst estimates of C$5.05 billion. Equities analysts expect that Air Canada will post 2.9024768 EPS for the current year.

Insider Transactions at Air Canada

In related news, Senior Officer Mark Youssef Nasr acquired 2,406 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were acquired at an average cost of C$18.21 per share, with a total value of C$43,823.37. 0.17% of the stock is owned by insiders.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.