Air Canada (TSE:AC) Price Target Raised to C$30.00

Air Canada (TSE:AC) had its price objective hoisted by Stifel Nicolaus from C$25.50 to C$30.00 in a report published on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts have also issued reports about the company. BMO Capital Markets upped their target price on Air Canada from C$26.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. National Bank Financial upgraded Air Canada from a “hold” rating to an “outperform” rating and lifted their price target for the company from C$22.00 to C$29.00 in a report on Tuesday, July 7th. Canaccord Genuity Group boosted their price target on Air Canada from C$20.00 to C$26.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Canadian Imperial Bank of Commerce dropped their price objective on Air Canada from C$25.00 to C$22.00 in a report on Wednesday, April 8th. Finally, TD cut their price objective on shares of Air Canada from C$23.00 to C$21.00 in a research report on Monday, April 20th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$25.25.

Air Canada Trading Up 2.7%

Air Canada stock opened at C$23.27 on Wednesday. Air Canada has a 52 week low of C$16.45 and a 52 week high of C$25.50. The company has a debt-to-equity ratio of 452.24, a quick ratio of 1.05 and a current ratio of 0.60. The firm has a market capitalization of C$6.89 billion, a price-to-earnings ratio of 9.62, a P/E/G ratio of 0.02 and a beta of 2.00. The company has a 50 day moving average price of C$22.70 and a 200 day moving average price of C$20.34.

Air Canada (TSE:AC) last announced its quarterly earnings data on Thursday, April 30th. The company reported C($0.05) EPS for the quarter. The business had revenue of C$5.79 billion for the quarter. Air Canada had a return on equity of 34.23% and a net margin of 3.46%. Research analysts forecast that Air Canada will post 2.5789474 EPS for the current 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.