Analysts Set Air Canada (TSE:AC) PT at C$32.29

Air Canada (TSE:AC) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$32.29.

A number of brokerages have issued reports on AC. Stifel Nicolaus boosted their price target on Air Canada from C$30.00 to C$38.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. ATB Cormark Capital Markets boosted their target price on shares of Air Canada from C$32.00 to C$45.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Scotiabank raised shares of Air Canada from a “hold” rating to a “sector outperform” rating and increased their price target for the stock from C$26.00 to C$33.50 in a report on Tuesday, August 11th. Canadian Imperial Bank of Commerce raised their price target on shares of Air Canada from C$26.00 to C$40.00 in a research report on Friday, August 14th. Finally, UBS Group lifted their price objective on shares of Air Canada from C$24.00 to C$33.00 in a report on Thursday, August 13th.

Air Canada Price Performance

Shares of TSE:AC opened at C$28.13 on Friday. 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 company’s 50 day moving average is C$26.39 and its 200 day moving average is C$22.19. Air Canada has a twelve month low of C$16.45 and a twelve month high of C$31.45. The company has a market cap of C$7.88 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 0.02 and a beta of 2.02.

Air Canada (TSE:AC) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$0.40 earnings per share for the quarter. Air Canada had a return on equity of 16.92% and a net margin of 1.82%.The company had revenue of C$6.27 billion for the quarter. On average, sell-side analysts forecast 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.