Air Canada (TSE:AC) Price Target Raised to C$30.00 at Stifel Nicolaus

Air Canada (TSE:AC) had its price objective raised by Stifel Nicolaus from C$25.50 to C$30.00 in a research note published on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently issued reports on AC. Royal Bank Of Canada boosted their price objective on shares of Air Canada from C$22.00 to C$28.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Canaccord Genuity Group lifted their target price on Air Canada from C$20.00 to C$26.00 and gave the company a “hold” rating in a report on Monday, July 6th. Jefferies Financial Group boosted their price target on Air Canada from C$17.00 to C$19.00 in a research report on Tuesday, March 31st. Canadian Imperial Bank of Commerce dropped their price target on Air Canada from C$25.00 to C$22.00 in a research note on Wednesday, April 8th. Finally, TD cut their price objective on Air Canada from C$23.00 to C$21.00 in a report on Monday, April 20th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Air Canada currently has a consensus rating of “Moderate Buy” and an average target price of C$25.25.

Air Canada Price Performance

Air Canada stock opened at C$22.68 on Wednesday. Air Canada has a 1 year low of C$16.45 and a 1 year high of C$25.50. The firm has a 50 day moving average price of C$22.55 and a 200 day moving average price of C$20.30. The company has a market cap of C$6.72 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 0.02 and a beta of 2.00. The company has a debt-to-equity ratio of 452.24, a quick ratio of 1.05 and a current ratio of 0.60.

Air Canada (TSE:AC) last issued its quarterly earnings results on Thursday, April 30th. The company reported C($0.05) EPS for the quarter. The company 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%. Sell-side 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.