Air Canada (TSE:AC) PT Lowered to C$25.00

Air Canada (TSE:AC – Get Rating) had its price target trimmed by Canaccord Genuity Group from C$26.00 to C$25.00 in a research note published on Wednesday, BayStreet.CA reports.

A number of other equities research analysts have also issued reports on the stock. Cormark dropped their target price on shares of Air Canada to C$25.00 and set a market perform rating for the company in a report on Wednesday, April 27th. Royal Bank of Canada upped their target price on shares of Air Canada from C$23.00 to C$24.00 and gave the stock a sector perform rating in a report on Tuesday, February 22nd. TD Securities upped their target price on shares of Air Canada from C$29.00 to C$30.00 and gave the stock a buy rating in a report on Wednesday, April 27th. Citigroup upped their target price on shares of Air Canada from C$24.50 to C$25.50 and gave the stock a neutral rating in a report on Tuesday. Finally, Cowen dropped their target price on shares of Air Canada from C$32.00 to C$29.00 and set an outperform rating for the company in a report on Thursday, March 31st. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of C$29.47.

TSE:AC opened at C$22.99 on Wednesday. The company has a debt-to-equity ratio of 183,588.89, a quick ratio of 1.37 and a current ratio of 1.45. The company has a fifty day moving average of C$23.00 and a two-hundred day moving average of C$22.97. The stock has a market capitalization of C$6.56 billion and a PE ratio of -2.24. Air Canada has a fifty-two week low of C$19.31 and a fifty-two week high of C$29.17.

Air Canada (TSE:AC – Get Rating) last posted its quarterly earnings data on Friday, February 18th. The company reported C($1.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of C($1.27) by C$0.01. The company had revenue of C$2.73 billion for the quarter, compared to analyst estimates of C$2.41 billion. Research analysts forecast that Air Canada will post 1.4800001 earnings per share for the current year.

In other Air Canada news, Director Michael Stewart Rousseau sold 18,868 shares of the stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of C$23.61, for a total transaction of C$445,473.48. Following the completion of the transaction, the director now owns 103,303 shares of the company’s stock, valued at C$2,438,983.83. Also, Senior Officer Amos Kazzaz sold 4,909 shares of the stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of C$21.49, for a total transaction of C$105,494.41. Following the sale, the insider now directly owns 11,076 shares in the company, valued at approximately C$238,023.24. In the last ninety days, insiders have sold 24,265 shares of company stock valued at $562,602.

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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