Air Canada (OTCMKTS:ACDVF) Given New C$30.00 Price Target at TD Securities

Air Canada (OTCMKTS:ACDVFGet Rating) had its price target upped by equities researchers at TD Securities from C$29.00 to C$30.00 in a research report issued to clients and investors on Wednesday, The Fly reports.

ACDVF has been the topic of several other reports. Royal Bank of Canada raised their price target on Air Canada from C$23.00 to C$24.00 in a research report on Tuesday, February 22nd. Canaccord Genuity Group raised their price target on Air Canada from C$25.00 to C$26.00 and gave the stock a “hold” rating in a research report on Thursday, March 31st. Scotiabank raised their price target on Air Canada from C$29.00 to C$31.00 in a research report on Tuesday, February 22nd. Finally, National Bank Financial cut their price objective on Air Canada from C$30.00 to C$28.00 in a research report on Thursday, January 27th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $29.00.

Shares of OTCMKTS ACDVF traded down $1.50 during trading hours on Wednesday, reaching $17.58. 50,989 shares of the stock traded hands, compared to its average volume of 94,134. The company has a market capitalization of $6.29 billion, a P/E ratio of -2.12 and a beta of 2.19. The company has a quick ratio of 1.42, a current ratio of 1.45 and a debt-to-equity ratio of 1,723.47. Air Canada has a 52-week low of $14.95 and a 52-week high of $24.58. The company’s 50-day simple moving average is $18.43 and its two-hundred day simple moving average is $18.21.

Air Canada (OTCMKTS:ACDVFGet Rating) last posted its quarterly earnings results on Friday, February 18th. The company reported ($1.00) earnings per share (EPS) for the quarter. Air Canada had a negative return on equity of 828.99% and a negative net margin of 56.49%. The company had revenue of $2.17 billion for the quarter. As a group, sell-side analysts forecast that Air Canada will post -1.04 earnings per share for the current fiscal year.

Air Canada Company Profile (Get Rating)

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name 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.

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