Air Canada (TSE:AC) Posts Earnings Results

Air Canada (TSE:AC) posted its quarterly earnings data on Tuesday. The company reported C$0.40 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$6.27 billion for the quarter. Air Canada had a net margin of 3.46% and a return on equity of 34.23%.

Air Canada Stock Performance

Air Canada stock traded up C$1.52 during midday trading on Tuesday, hitting C$27.27. The stock had a trading volume of 4,682,896 shares, compared to its average volume of 2,924,697. Air Canada has a 52-week low of C$16.45 and a 52-week high of C$27.30. The company has a market capitalization of C$7.83 billion, a PE ratio of 11.27, a P/E/G ratio of 0.02 and a beta of 2.02. The firm’s fifty day moving average is C$23.82 and its two-hundred day moving average is C$20.83. The company has a current ratio of 0.60, a quick ratio of 1.05 and a debt-to-equity ratio of 452.24.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. BMO Capital Markets upped their target price on shares of Air Canada from C$26.00 to C$30.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. TD dropped their price target on shares of Air Canada from C$23.00 to C$21.00 in a research note on Monday, April 20th. National Bank Financial raised shares of Air Canada from a “hold” rating to an “outperform” rating and boosted their price objective for the company from C$22.00 to C$29.00 in a research report on Tuesday, July 7th. Canaccord Genuity Group upped their price objective on Air Canada from C$20.00 to C$26.00 and gave the stock a “hold” rating in a research note on Monday, July 6th. Finally, Royal Bank Of Canada raised their target price on Air Canada from C$22.00 to C$28.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$26.29.

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.