Air Canada (TSE:AC) Receives C$25.04 Average PT from Analysts

Shares of Air Canada (TSE:AC) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$25.04.

Several equities research analysts recently weighed in on the stock. Canaccord Genuity Group upped their price objective on shares of Air Canada from C$20.00 to C$26.00 and gave the stock a “hold” rating in a report on Monday, July 6th. JPMorgan Chase & Co. lowered their target price on shares of Air Canada from C$27.00 to C$23.00 in a research note on Monday, May 4th. ATB Cormark Capital Markets dropped their price target on shares of Air Canada from C$33.00 to C$32.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. BMO Capital Markets increased their price objective on shares of Air Canada from C$26.00 to C$30.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Finally, Canadian Imperial Bank of Commerce decreased their price objective on shares of Air Canada from C$25.00 to C$22.00 in a report on Wednesday, April 8th.

Air Canada Price Performance

AC opened at C$22.58 on Friday. The stock’s 50 day moving average price is C$22.33 and its 200 day moving average price is C$20.23. The company has a debt-to-equity ratio of 452.24, a current ratio of 0.60 and a quick ratio of 1.05. The stock has a market cap of C$6.65 billion, a P/E ratio of 9.33, a P/E/G ratio of 0.02 and a beta of 2.00. Air Canada has a 12 month low of C$16.45 and a 12 month high of C$25.50.

Air Canada (TSE:AC) last announced its quarterly earnings results on Thursday, April 30th. The company reported C($0.05) earnings per share (EPS) for the quarter. The business had revenue of C$5.79 billion for the quarter. Air Canada had a return on equity of 34.23% and a net margin of 3.46%. As a group, research analysts predict that Air Canada will post 2.5789474 earnings per share for the current year.

About Air Canada

Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Headquartered in Montréal, Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, with more than 10 million members worldwide. Members can earn or redeem points on the world’s largest airline partner network of more than 50 airlines, plus through an extensive range of merchandise, hotel and car rental partners.