Air Canada (TSE:AC) Price Target Raised to C$40.00

Air Canada (TSE:AC) had its price target raised by National Bank Financial from C$29.00 to C$40.00 in a report published on Thursday morning,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

A number of other brokerages have also weighed in on AC. BMO Capital Markets upped their price target on shares of Air Canada from C$30.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Wednesday. Stifel Nicolaus increased their price objective on shares of Air Canada from C$25.50 to C$30.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. lowered their price objective 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 target price on Air Canada from C$33.00 to C$32.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Finally, Scotiabank upgraded Air Canada from a “hold” rating to a “sector outperform” rating and upped their target price for the stock from C$26.00 to C$33.50 in a research report on Tuesday, August 11th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$31.27.

Air Canada Price Performance

Shares of TSE AC opened at C$29.64 on Thursday. The stock has a market cap of C$8.30 billion, a P/E ratio of 22.63, a P/E/G ratio of 0.02 and a beta of 2.02. The firm’s 50-day simple moving average is C$24.46 and its 200 day simple moving average is C$21.10. Air Canada has a fifty-two week low of C$16.45 and a fifty-two week high of C$31.45. The company has a quick ratio of 1.05, a current ratio of 0.60 and a debt-to-equity ratio of 478.10.

Air Canada (TSE:AC) last announced its earnings results on Tuesday, August 11th. The company reported C$0.40 earnings per share (EPS) for the quarter. The firm had revenue of C$6.27 billion during the quarter. Air Canada had a net margin of 1.82% and a return on equity of 16.92%. Equities analysts expect that Air Canada will post 2.5789474 EPS for the current year.

Key Air Canada News

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

• Positive Sentiment: CIBC raised its Air Canada price target from C$26 to C$40, implying approximately 34% upside based on the cited share price. The revision reinforces the bullish analyst view of the airline’s earnings potential. BayStreet.CA analyst ratings
• Positive Sentiment: BMO Capital Markets also forecast strong potential appreciation for Air Canada stock, adding to the positive analyst momentum around the company. BMO Capital Markets Air Canada forecast
• Positive Sentiment: ATB Cormark raised its target from C$32 to C$45 and assigned an “outperform” rating, representing about 48% upside based on the cited price. ATB Cormark analyst rating
• Positive Sentiment: National Bank Financial increased its target from C$29 to C$40 and upgraded the stock to “outperform,” while RBC lifted its target from C$28 to C$37 and also rated Air Canada “outperform.” National Bank and RBC analyst ratings
• Positive Sentiment: UBS raised its target from C$24 to C$33, indicating continued confidence, although its implied upside is more limited than the other revised targets. UBS analyst rating
• Neutral Sentiment: Air Canada’s second-quarter 2026 earnings call transcript provides additional detail on management’s financial performance and outlook, but the supplied report does not identify a specific new catalyst. Air Canada Q2 2026 earnings call transcript
• Positive Sentiment: Scotiabank upgraded Air Canada’s stock rating, further broadening the recent wave of constructive analyst sentiment. Scotiabank Air Canada rating upgrade

Air Canada Company Profile

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.