Air Canada (AC) Receives C$44.45 Consensus Target Price from Analysts

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Shares of Air Canada (TSE:AC) have been given an average rating of “Buy” by the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$44.45.

A number of brokerages have recently weighed in on AC. National Bank Financial raised their price target on Air Canada from C$39.00 to C$44.00 and gave the company an “outperform” rating in a research report on Saturday, April 13th. Cowen raised their price target on Air Canada from C$33.00 to C$39.00 in a research report on Tuesday, February 26th. Canaccord Genuity raised their price target on Air Canada from C$33.00 to C$40.00 in a research report on Monday, January 28th. CIBC raised their price target on Air Canada from C$42.00 to C$46.00 in a research report on Tuesday, February 19th. Finally, JPMorgan Chase & Co. raised their price target on Air Canada from C$40.00 to C$42.00 in a research report on Wednesday, May 8th.

Shares of AC stock traded up C$0.17 during trading hours on Friday, hitting C$38.97. The stock had a trading volume of 837,771 shares, compared to its average volume of 1,221,059. The company has a market capitalization of $9.80 billion and a P/E ratio of 64.95. Air Canada has a twelve month low of C$20.33 and a twelve month high of C$39.16. The company has a current ratio of 1.24, a quick ratio of 1.08 and a debt-to-equity ratio of 164.94.

Air Canada (TSE:AC) last posted its quarterly earnings data on Friday, February 15th. The company reported C$0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.17 by C$0.03. The firm had revenue of C$4.25 billion during the quarter, compared to analyst estimates of C$4.20 billion. Research analysts predict that Air Canada will post 4.66000015958023 EPS for the current fiscal year.

In related news, Senior Officer Pierre Houle sold 1,955 shares of Air Canada stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of C$35.81, for a total transaction of C$70,009.53.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.

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Analyst Recommendations for Air Canada (TSE:AC)

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