Air Canada (TSE:AC) Given a C$25.00 Price Target at Royal Bank Of Canada

Air Canada (TSE:AC) has been given a C$25.00 price objective by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 33.55% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets reduced their price target on shares of Air Canada from C$28.00 to C$27.00 in a research report on Thursday, October 9th. CIBC cut their target price on shares of Air Canada from C$24.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. National Bankshares cut shares of Air Canada from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$26.00 to C$22.00 in a research report on Wednesday, September 24th. ATB Capital upped their price objective on Air Canada from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Finally, Scotiabank decreased their target price on Air Canada from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Wednesday, September 3rd. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Air Canada currently has a consensus rating of “Moderate Buy” and an average price target of C$24.46.

Air Canada Trading Up 1.5%

TSE:AC traded up C$0.27 during trading hours on Tuesday, reaching C$18.72. 2,784,604 shares of the stock were exchanged, compared to its average volume of 3,179,828. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00. The business has a 50-day moving average of C$18.32 and a two-hundred day moving average of C$19.23. Air Canada has a twelve month low of C$12.69 and a twelve month high of C$26.18. The company has a market capitalization of C$5.54 billion, a price-to-earnings ratio of -27.13, a PEG ratio of 0.02 and a beta of 1.49.

Air Canada (TSE:AC) last issued its quarterly earnings data on Tuesday, November 4th. The company reported C$0.75 earnings per share for the quarter. The business had revenue of C$5.77 billion during the quarter. Air Canada had a return on equity of 177.01% and a net margin of 11.57%. On average, equities analysts predict that Air Canada will post 2.5789474 EPS for the current year.

Air Canada Company Profile

Air Canada is Canada’s largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.