Air Canada (TSE:AC) Upgraded at National Bank Financial

Air Canada (TSE:AC) was upgraded by research analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a C$29.00 price objective on the stock, up from their prior price objective of C$22.00. National Bank Financial’s target price would suggest a potential upside of 14.26% from the stock’s current price.

A number of other brokerages have also recently commented on AC. JPMorgan Chase & Co. decreased their price target on Air Canada from C$27.00 to C$23.00 in a research report on Monday, May 4th. Stifel Nicolaus cut their price objective on shares of Air Canada from C$28.00 to C$25.50 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Canadian Imperial Bank of Commerce decreased their target price on shares of Air Canada from C$25.00 to C$22.00 in a report on Wednesday, April 8th. Royal Bank Of Canada boosted their target price on shares of Air Canada from C$22.00 to C$28.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Finally, Jefferies Financial Group upped their price target on shares of Air Canada from C$17.00 to C$19.00 in a report on Tuesday, March 31st. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$24.73.

Air Canada Price Performance

TSE:AC traded up C$0.18 during trading hours on Tuesday, reaching C$25.38. 1,198,038 shares of the company were exchanged, compared to its average volume of 3,014,706. The company has a market capitalization of C$7.29 billion, a P/E ratio of 10.49, a P/E/G ratio of 0.02 and a beta of 2.00. Air Canada has a 1-year low of C$16.45 and a 1-year high of C$25.43. The company has a debt-to-equity ratio of 452.24, a current ratio of 0.60 and a quick ratio of 1.05. The business has a 50 day moving average of C$21.44 and a 200 day moving average of C$19.94.

Air Canada (TSE:AC) last posted its quarterly earnings data on Thursday, April 30th. The company reported C($0.05) EPS for the quarter. The company had revenue of C$5.79 billion for the quarter. Air Canada had a return on equity of 34.23% and a net margin of 3.46%. Research analysts forecast that Air Canada will post 2.5789474 EPS for the current year.

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.