ATB Capital Boosts Air Canada (TSE:AC) Price Target to C$33.00

Air Canada (TSE:AC) had its target price upped by ATB Capital from C$32.00 to C$33.00 in a research note released on Friday morning, BayStreet.CA reports.

Several other research analysts have also commented on the company. National Bankshares reduced their price target on Air Canada from C$31.00 to C$30.00 and set an outperform rating on the stock in a report on Friday. Scotiabank reduced their target price on shares of Air Canada from C$30.00 to C$29.00 and set an outperform rating on the stock in a research note on Thursday, March 28th. CIBC dropped their price target on shares of Air Canada from C$30.00 to C$28.00 and set an outperform rating for the company in a research note on Friday. JPMorgan Chase & Co. raised their price target on shares of Air Canada from C$38.00 to C$41.00 and gave the stock an overweight rating in a report on Thursday, February 22nd. Finally, TD Securities decreased their price objective on Air Canada from C$34.00 to C$33.00 and set a buy rating on the stock in a report on Friday. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of C$30.12.

Air Canada Stock Up 0.1 %

Shares of TSE AC opened at C$18.76 on Friday. The stock has a market cap of C$6.72 billion, a PE ratio of 3.15, a P/E/G ratio of 0.02 and a beta of 2.42. 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. Air Canada has a 12-month low of C$16.04 and a 12-month high of C$26.04. The company has a 50-day moving average of C$19.01 and a 200 day moving average of C$18.43.

Air Canada (TSE:AC) last posted its quarterly earnings results on Friday, February 16th. The company reported C($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.07). The firm had revenue of C$5.18 billion during the quarter, compared to analyst estimates of C$5.05 billion. As a group, sell-side analysts predict that Air Canada will post 2.9024768 EPS for the current fiscal year.

Insider Transactions at Air Canada

In other 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 purchased at an average price of C$18.21 per share, for a total transaction of C$43,823.37. Company insiders own 0.17% of the company’s stock.

Air Canada Company Profile

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.