Air Canada (TSE:AC) Given New C$26.00 Price Target at BMO Capital Markets

Air Canada (TSE:AC) had its price target trimmed by BMO Capital Markets from C$27.00 to C$26.00 in a research note published on Tuesday morning,BayStreet.CA reports.

A number of other brokerages also recently weighed in on AC. Jefferies Financial Group increased their price target on Air Canada from C$17.00 to C$19.00 in a report on Tuesday. Stifel Nicolaus lifted their price objective on Air Canada from C$24.00 to C$28.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Canaccord Genuity Group downgraded Air Canada from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$28.00 to C$21.00 in a research note on Friday, March 13th. National Bank Financial upped their target price on Air Canada from C$24.00 to C$25.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce raised their target price on Air Canada from C$23.00 to C$24.00 in a research note on Wednesday, January 21st. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$24.58.

Air Canada Trading Up 3.5%

AC opened at C$18.12 on Tuesday. Air Canada has a twelve month low of C$12.69 and a twelve month high of C$23.72. The company has a fifty day moving average of C$19.14 and a 200-day moving average of C$18.87. The stock has a market cap of C$5.34 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 0.02 and a beta of 1.56. The company has a quick ratio of 1.06, a current ratio of 0.56 and a debt-to-equity ratio of 446.78.

Key Air Canada News

Here are the key news stories impacting Air Canada this week:

• Positive Sentiment: Jefferies raised its price target from C$17 to C$19, signaling some analyst confidence in near-term fundamentals and giving the stock modest upside from current levels. Article Title Article Title
• Neutral Sentiment: BMO lowered its target slightly from C$27 to C$26 — a trimming of enthusiasm but still leaving substantial upside versus the current price, which keeps some buy-side interest alive. Article Title
• Neutral Sentiment: A valuation overview nudged Air Canada’s fair value estimate marginally lower to CA$24.11 (from CA$24.36). Analysts remain split — some in the low‑to‑mid C$20s, others more cautious around C$17–C$23 — reflecting uncertainty around fuel and capacity. Article Title
• Neutral Sentiment: The company filed its 2026 annual meeting notice and proxy circular; the filing reiterates the board’s condolences regarding the tragic AC8646 accident — a reminder of operational and reputational risks that investors will monitor. Article Title
• Negative Sentiment: Air Canada’s CEO Michael Rousseau announced he will retire by the end of Q3 2026 and the board has started a CEO search — leadership transitions raise near-term execution and strategy uncertainty for investors. Article Title Article Title
• Negative Sentiment: Critical coverage of the outgoing CEO’s leadership and communications (including a piece highlighting his trouble with French and crisis leadership basics) may amplify governance and reputational concerns during the transition. Article Title

About Air Canada

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.