Air Canada (TSE:AC) PT Lowered to C$30.00 at National Bankshares

Air Canada (TSE:AC) had its price target decreased by National Bankshares from C$31.00 to C$30.00 in a research report issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 59.91% from the company’s current price.

Several other research analysts also recently commented on the company. BMO Capital Markets reaffirmed a “buy” rating and set a C$32.00 target price on shares of Air Canada in a report on Tuesday, February 20th. ATB Capital cut their target price on Air Canada from C$33.00 to C$32.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. TD Securities lifted their target price on Air Canada from C$30.00 to C$34.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Scotiabank cut their target price on Air Canada from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Thursday, March 28th. Finally, Canaccord Genuity Group upped their target price on Air Canada from C$31.00 to C$32.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Air Canada currently has an average rating of “Moderate Buy” and a consensus price target of C$30.12.

Air Canada Trading Up 0.1 %

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

Air Canada (TSE:AC) last announced 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 business had revenue of C$5.18 billion during the quarter, compared to analysts’ expectations of C$5.05 billion. As a group, sell-side analysts expect that Air Canada will post 2.9024768 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Mark Youssef Nasr purchased 2,406 shares of the company’s stock in a transaction that occurred on 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. 0.17% of the stock is owned by company insiders.

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.