Air Canada (TSE:AC) Upgraded at UBS Group

Air Canada (TSE:AC) was upgraded by stock analysts at UBS Group to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also recently commented on AC. National Bankshares cut shares of Air Canada from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$26.00 to C$22.00 in a research report on Wednesday, September 24th. Stifel Nicolaus reduced their target price on shares of Air Canada from C$25.00 to C$24.00 and set a “buy” rating on the stock in a report on Friday, September 26th. Canaccord Genuity Group decreased their target price on shares of Air Canada from C$28.00 to C$25.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. TD Securities cut their price target on shares of Air Canada from C$25.00 to C$22.00 in a research report on Friday, September 26th. Finally, BMO Capital Markets reduced their price objective on Air Canada from C$28.00 to C$27.00 in a research note on Thursday, October 9th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$24.46.

Air Canada Stock Down 0.3%

AC opened at C$17.84 on Tuesday. The business’s fifty day simple moving average is C$18.38 and its 200 day simple moving average is C$19.14. Air Canada has a 52 week low of C$12.69 and a 52 week high of C$26.18. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00. The stock has a market cap of C$5.28 billion, a PE ratio of -25.86, a P/E/G ratio of 0.02 and a beta of 1.49.

Air Canada (TSE:AC) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.88 earnings per share (EPS) for the quarter. The firm had revenue of C$5.77 billion during the quarter. Air Canada had a return on equity of 177.01% and a net margin of 11.57%. As a group, research analysts expect that Air Canada will post 2.5789474 earnings per share for the current fiscal year.

Air Canada Company Profile

Air Canada is Canada’s largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.