Air Canada (TSE:AC) PT Set at C$25.00 by Royal Bank Of Canada

Air Canada (TSE:AC) has been assigned a C$25.00 target price by research analysts at Royal Bank Of Canada in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 31.10% from the company’s current price.

A number of other equities analysts also recently commented on AC. BMO Capital Markets lowered their target price on shares of Air Canada from C$28.00 to C$27.00 in a research note on Thursday, October 9th. ATB Capital upped their price objective on Air Canada from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. National Bank Financial lowered Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. CIBC lowered their price target on Air Canada from C$24.00 to C$22.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Finally, National Bankshares lowered shares of Air Canada from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$26.00 to C$22.00 in a research note on Wednesday, September 24th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.46.

Air Canada Stock Performance

Shares of Air Canada stock opened at C$19.07 on Tuesday. The business has a 50-day simple moving average of C$18.33 and a 200-day simple moving average of C$19.24. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. Air Canada has a one year low of C$12.69 and a one year high of C$26.18. The company has a market cap of C$5.65 billion, a PE ratio of -27.64, a P/E/G ratio of 0.02 and a beta of 1.49.

Air Canada (TSE:AC) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$0.75 earnings per share (EPS) for the quarter. Air Canada had a net margin of 11.57% and a return on equity of 177.01%. The company had revenue of C$5.77 billion during the quarter. On average, equities research analysts forecast that Air Canada will post 2.5789474 EPS for the current fiscal year.

Air Canada Company Profile

Air Canada is Canada’s largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.