Air Canada (TSE:AC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Air Canada (TSE:AC) have earned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$31.27.

A number of equities analysts have commented on AC shares. National Bank Financial upped their target price on shares of Air Canada from C$29.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Thursday. Stifel Nicolaus lifted their price target on shares of Air Canada from C$25.50 to C$30.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Scotiabank upgraded Air Canada from a “hold” rating to a “sector outperform” rating and boosted their price target for the company from C$26.00 to C$33.50 in a report on Tuesday, August 11th. ATB Cormark Capital Markets increased their price objective on Air Canada from C$32.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, TD reduced their price objective on Air Canada from C$23.00 to C$21.00 in a report on Monday, April 20th.

More Air Canada News

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

• Positive Sentiment: CIBC raised its Air Canada price target from C$26 to C$40, implying approximately 34% upside based on the cited share price. The revision reinforces the bullish analyst view of the airline’s earnings potential. BayStreet.CA analyst ratings
• Positive Sentiment: BMO Capital Markets also forecast strong potential appreciation for Air Canada stock, adding to the positive analyst momentum around the company. BMO Capital Markets Air Canada forecast
• Positive Sentiment: ATB Cormark raised its target from C$32 to C$45 and assigned an “outperform” rating, representing about 48% upside based on the cited price. ATB Cormark analyst rating
• Positive Sentiment: National Bank Financial increased its target from C$29 to C$40 and upgraded the stock to “outperform,” while RBC lifted its target from C$28 to C$37 and also rated Air Canada “outperform.” National Bank and RBC analyst ratings
• Positive Sentiment: UBS raised its target from C$24 to C$33, indicating continued confidence, although its implied upside is more limited than the other revised targets. UBS analyst rating
• Neutral Sentiment: Air Canada’s second-quarter 2026 earnings call transcript provides additional detail on management’s financial performance and outlook, but the supplied report does not identify a specific new catalyst. Air Canada Q2 2026 earnings call transcript
• Positive Sentiment: Scotiabank upgraded Air Canada’s stock rating, further broadening the recent wave of constructive analyst sentiment. Scotiabank Air Canada rating upgrade

Air Canada Stock Down 2.5%

Shares of AC opened at C$29.64 on Tuesday. The firm has a market capitalization of C$8.30 billion, a P/E ratio of 22.63, a P/E/G ratio of 0.02 and a beta of 2.02. Air Canada has a 12-month low of C$16.45 and a 12-month high of C$31.45. The company has a current ratio of 0.60, a quick ratio of 1.05 and a debt-to-equity ratio of 478.10. The firm has a fifty day moving average price of C$24.46 and a 200-day moving average price of C$21.10.

Air Canada (TSE:AC) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.40 EPS for the quarter. Air Canada had a net margin of 1.82% and a return on equity of 16.92%. The company had revenue of C$6.27 billion for the quarter. Equities research analysts expect that Air Canada will post 2.5789474 earnings per share 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.