Air Canada (TSE:AC) Price Target Lowered to C$33.00 at TD Securities

Air Canada (TSE:AC) had its price target dropped by investment analysts at TD Securities from C$34.00 to C$33.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 75.91% from the company’s current price.

A number of other brokerages also recently issued reports on AC. ATB Capital decreased their price target on Air Canada from C$33.00 to C$32.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. BMO Capital Markets reaffirmed a “buy” rating and set a C$32.00 price target on shares of Air Canada in a report on Tuesday, February 20th. Scotiabank decreased their price target on Air Canada from C$30.00 to C$29.00 and set an “outperform” rating for the company in a report on Thursday, March 28th. JPMorgan Chase & Co. lifted their price target on Air Canada from C$38.00 to C$41.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Finally, Royal Bank of Canada set a C$18.00 price target on Air Canada and gave the stock a “sector perform” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$30.12.

Air Canada Trading Up 0.1 %

AC opened at C$18.76 on Friday. Air Canada has a 12 month low of C$16.04 and a 12 month high of C$26.04. The stock has a market capitalization of C$6.72 billion, a price-to-earnings ratio of 3.15, a PEG ratio of 0.02 and a beta of 2.42. The company has a debt-to-equity ratio of 1,741.46, a current ratio of 1.02 and a quick ratio of 1.06. The business has a fifty day moving average price of C$19.01 and a 200 day moving average price of C$18.41.

Air Canada (TSE:AC) last released its earnings results on Friday, February 16th. The company reported C($0.12) EPS for the quarter, missing the consensus estimate of C($0.05) by C($0.07). The company had revenue of C$5.18 billion during the quarter, compared to analysts’ expectations of C$5.05 billion. Sell-side analysts expect that Air Canada will post 2.9024768 earnings per share for the current fiscal year.

Insider Activity

In other Air Canada news, Senior Officer Mark Youssef Nasr bought 2,406 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were acquired at an average cost of C$18.21 per share, with a total value of C$43,823.37. Corporate insiders own 0.17% of the company’s stock.

About Air Canada

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.