Air Canada (TSE:AC) Price Target Cut to C$22.00 by Analysts at Canadian Imperial Bank of Commerce

Air Canada (TSE:AC) had its target price trimmed by Canadian Imperial Bank of Commerce from C$25.00 to C$22.00 in a research report report published on Wednesday,BayStreet.CA reports.

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group increased their price objective on shares of Air Canada from C$17.00 to C$19.00 in a research report on Tuesday, March 31st. Canaccord Genuity Group downgraded shares of 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 report on Friday, March 13th. National Bank Financial dropped their price objective on shares of Air Canada from C$25.00 to C$22.00 in a research report on Thursday, April 2nd. Raymond James Financial downgraded shares of Air Canada from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, Scotiabank downgraded shares of Air Canada from an “outperform” rating to a “hold” rating and dropped their price objective for the company from C$27.00 to C$21.00 in a research report on Tuesday, March 10th. Five 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$24.17.

Air Canada Trading Up 3.2%

Shares of TSE:AC opened at C$18.53 on Wednesday. Air Canada has a 52 week low of C$12.76 and a 52 week high of C$23.72. The company’s 50 day moving average is C$19.01 and its two-hundred day moving average is C$18.84. The company has a current ratio of 0.56, a quick ratio of 1.06 and a debt-to-equity ratio of 446.78. The company has a market cap of C$5.46 billion, a PE ratio of 9.96, a P/E/G ratio of 0.02 and a beta of 1.56.

Key Headlines Impacting Air Canada

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

• Positive Sentiment: Air Canada will operate the only non‑stop North America–Tenerife (Canary Islands) service using its new A321XLR capacity, targeting leisure demand and higher-yield seasonal travel — a network expansion that can lift revenue per seat and improve unit revenues on leisure routes. Air Canada announces non-stop flights to Canary Islands
• Positive Sentiment: Air Canada launched a limited Alternative Dispute Resolution (ADR) pilot to settle APPR/CTA passenger claims — aimed at clearing backlog, lowering legal/regulatory friction and improving customer relations, which may reduce future cash outflows and reputational risk if successful. Air Canada Launches Alternative Dispute Resolution Pilot Project
• Positive Sentiment: Brokerage consensus remains constructive with an average “Moderate Buy” recommendation, supporting investor confidence in the recovery story despite near-term noise. Air Canada Receives Average Recommendation of “Moderate Buy”
• Neutral Sentiment: Corporate governance change — CEO Michael Rousseau plans to retire by end‑Q3 2026 — creates management transition risk; the company also faces a shareholder proposal on investor participation. This is a watch item that could affect strategy or investor sentiment over time. The Bull Case For Air Canada Could Change Following CEO Exit
• Negative Sentiment: CIBC trimmed its price target on Air Canada to C$22.00, a move that may cap near‑term upside and signal conservatism around Q1 results and margin recovery expectations. Analyst downgrades or target cuts can weigh on sentiment and slow further rallies. CIBC Previews Aviation Sector’s Q1, Trims Air Canada Price Target

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.