Air Canada (TSE:AC) Receives C$32.29 Consensus Target Price from Brokerages

Air Canada (TSE:AC) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$32.29.

AC has been the topic of several research analyst reports. National Bank Financial increased their target price on shares of Air Canada from C$29.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Scotiabank raised shares of Air Canada from a “hold” rating to a “sector outperform” rating and lifted their price target for the company from C$26.00 to C$33.50 in a research note on Tuesday, August 11th. Royal Bank Of Canada upped their price objective on shares of Air Canada from C$28.00 to C$37.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Canaccord Genuity Group increased 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 research report on Monday, July 6th. Finally, Scotia raised their target price on Air Canada from C$33.50 to C$37.50 and gave the company a “sector outperform” rating in a research note on Wednesday, August 19th.

Air Canada Price Performance

Air Canada stock opened at C$27.53 on Friday. The stock has a market capitalization of C$7.71 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 0.02 and a beta of 2.02. Air Canada has a 52-week low of C$16.45 and a 52-week high of C$31.45. The stock’s 50 day moving average price is C$26.52 and its two-hundred day moving average price is C$22.27. The company has a debt-to-equity ratio of 478.10, a quick ratio of 1.05 and a current ratio of 0.60.

Air Canada (TSE:AC) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$0.40 earnings per share for the quarter. Air Canada had a net margin of 1.82% and a return on equity of 16.92%. The company had revenue of C$6.27 billion during the quarter. On average, equities analysts predict that Air Canada will post 2.5789474 earnings per share for the current year.

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.