Air Canada (TSE:AC) Price Target Lowered to C$17.00 at Royal Bank of Canada

Air Canada (TSE:ACFree Report) had its target price lowered by Royal Bank of Canada from C$21.00 to C$17.00 in a report issued on Tuesday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

A number of other analysts also recently issued reports on the company. Cowen raised their target price on Air Canada from C$26.00 to C$32.00 in a research report on Monday, August 14th. Cormark boosted their price objective on shares of Air Canada from C$23.75 to C$29.50 in a research note on Monday, August 14th. Citigroup lowered their price target on Air Canada from C$31.00 to C$28.00 and set a buy rating for the company in a research report on Friday, October 20th. BMO Capital Markets decreased their price objective on shares of Air Canada from C$33.00 to C$31.00 in a report on Thursday, October 19th. Finally, National Bankshares lowered their price target on shares of Air Canada from C$35.00 to C$32.00 and set an outperform rating on the stock in a report on Wednesday, October 4th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Air Canada currently has a consensus rating of Moderate Buy and an average price target of C$28.50.

View Our Latest Stock Report on Air Canada

Air Canada Trading Up 1.4 %

Shares of AC stock opened at C$16.73 on Tuesday. The firm has a 50 day moving average price of C$19.57 and a two-hundred day moving average price of C$21.50. The company has a market capitalization of C$6.00 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 0.02 and a beta of 2.42. Air Canada has a 12-month low of C$16.04 and a 12-month high of C$26.04. The company has a quick ratio of 1.06, a current ratio of 0.98 and a debt-to-equity ratio of 183,588.89.

Air Canada (TSE:ACGet Free Report) last issued its quarterly earnings results on Friday, August 11th. The company reported C$1.85 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.63 by C$1.22. The firm had revenue of C$5.43 billion for the quarter, compared to the consensus estimate of C$5.11 billion. As a group, analysts predict that Air Canada will post 2.8788927 earnings per share for the current year.

About Air Canada

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Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names 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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Analyst Recommendations for Air Canada (TSE:AC)

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