Air Canada (TSE:AC) Stock Gets Price Target Cut from Stifel Nicolaus

Air Canada (TSE:AC) had its price objective reduced by Stifel Nicolaus from C$38.00 to C$32.00 in a research report released on Thursday morning,BayStreet reports. Stifel Nicolaus currently has a buy rating on the stock.

AC has been the subject of several other reports. Royal Bank Of Canada boosted their target price on shares of Air Canada from C$28.00 to C$37.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. National Bank Financial dropped their price target on shares of Air Canada from C$40.00 to C$37.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. UBS Group lifted their price objective on shares of Air Canada from C$24.00 to C$33.00 in a report on Thursday, August 13th. Jefferies Financial Group downgraded shares of Air Canada from a “hold” rating to a “moderate sell” rating and decreased their price objective for the stock from C$26.00 to C$19.00 in a research report on Monday, October 19th. Finally, Canaccord Genuity Group upgraded Air Canada from a “hold” rating to a “buy” rating and dropped their target price for the company from C$29.00 to C$25.00 in a research report on Thursday, October 22nd. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Air Canada presently has a consensus rating of “Moderate Buy” and an average target price of C$31.00.

Air Canada Stock Performance

Shares of AC stock opened at C$20.19 on Thursday. The stock has a market cap of C$5.10 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 0.02 and a beta of 1.86. Air Canada has a 52-week low of C$16.45 and a 52-week high of C$31.45. The business has a 50-day simple moving average of C$25.70 and a 200-day simple moving average of C$22.35. The company has a quick ratio of 1.05, a current ratio of 0.64 and a debt-to-equity ratio of 517.55.

Air Canada (TSE:AC) last released its quarterly earnings data on Thursday, October 29th. The company reported C$0.75 EPS for the quarter. The business had revenue of C$6.98 billion for the quarter. Air Canada had a return on equity of 12.10% and a net margin of 1.23%. On average, equities analysts expect that Air Canada will post 2.58 EPS for the current year.

Key Stories Impacting Air Canada

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

• Positive Sentiment: Air Canada reported third-quarter earnings of C$0.75 per share on C$6.98 billion in revenue, while adjusted earnings beat expectations. The results provide evidence of resilient operating performance and may support the bullish case for the shares. Air Canada Third-Quarter Adjusted Earnings Beat Estimates
• Neutral Sentiment: Scotia, National Bank Financial and BMO Capital Markets lowered their price targets to C$31, C$33 and C$33, respectively, but retained positive ratings ranging from “sector outperform” to “outperform.” Stifel Nicolaus also cut its target to C$32 while maintaining a “buy” rating. The reductions signal more cautious estimates, but the targets imply roughly 54%–64% upside from recent levels. Analyst Recommendations
• Neutral Sentiment: Coverage is focusing on Air Canada’s winter route changes and potential travel-market opportunities. Expanded or better-optimized routes could support demand, but changes to U.S. service are being closely scrutinized by investors. Which Winter Routes Could Boost Travel Options?
• Negative Sentiment: Reports that Air Canada is switching some U.S. routes appear to have unsettled investors, raising questions about network demand, capacity allocation and near-term revenue growth. Air Canada Is Switching Up Some of Its U.S. Routes
• Negative Sentiment: Scotiabank issued a negative earnings estimate for Air Canada, while ATB Capital Markets also reduced its price target, adding to the cautious tone surrounding the stock. Scotiabank Issues Negative Estimate

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.