Brokerages Set Air Canada (TSE:AC) Target Price at C$23.39

Air Canada (TSE:AC) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$23.39.

Several equities research analysts recently issued reports on AC shares. ATB Cormark Capital Markets cut their price objective 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. Canadian Imperial Bank of Commerce cut their price objective on Air Canada from C$25.00 to C$22.00 in a report on Wednesday, April 8th. JPMorgan Chase & Co. cut their price objective on Air Canada from C$27.00 to C$23.00 in a report on Monday, May 4th. National Bank Financial cut their price target on Air Canada from C$25.00 to C$22.00 in a report on Thursday, April 2nd. Finally, Jefferies Financial Group upped their price target on Air Canada from C$17.00 to C$19.00 in a report on Tuesday, March 31st.

Air Canada Price Performance

AC stock opened at C$24.67 on Monday. The company has a current ratio of 0.60, a quick ratio of 1.06 and a debt-to-equity ratio of 452.24. The company has a market capitalization of C$7.08 billion, a PE ratio of 10.19, a P/E/G ratio of 0.02 and a beta of 2.08. Air Canada has a 12-month low of C$16.45 and a 12-month high of C$24.95. The business’s fifty day moving average price is C$20.71 and its 200 day moving average price is C$19.68.

Air Canada (TSE:AC) last posted its quarterly earnings data on Thursday, April 30th. The company reported C($0.05) earnings per share (EPS) for the quarter. The firm had revenue of C$5.79 billion during the quarter. Air Canada had a net margin of 3.46% and a return on equity of 34.23%. On average, sell-side analysts anticipate that Air Canada will post 2.5789474 EPS 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.