Air Canada (TSE:AC) Stock Gets Price Target Trim from National Bank Financial

Air Canada (TSE:AC) had its target price lowered by National Bank Financial from C$40.00 to C$37.00 in a report released on Thursday morning,BayStreet reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on AC. Royal Bank Of Canada raised their target price on Air Canada from C$28.00 to C$37.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. ATB Cormark Capital Markets upped their price target on Air Canada from C$32.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Scotiabank decreased their price objective on Air Canada from C$37.50 to C$33.00 and set a “sector outperform” rating for the company in a report on Thursday. Canadian Imperial Bank of Commerce raised their price objective on Air Canada from C$26.00 to C$40.00 in a research report on Friday, August 14th. Finally, BMO Capital Markets upped their target price on shares of Air Canada from C$30.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$33.04.

Air Canada Stock Down 2.1%

Shares of TSE:AC opened at C$21.99 on Thursday. The company has a debt-to-equity ratio of 478.10, a current ratio of 0.60 and a quick ratio of 1.05. Air Canada has a 1 year low of C$16.45 and a 1 year high of C$31.45. The company has a market cap of C$5.56 billion, a PE ratio of 16.79, a P/E/G ratio of 0.02 and a beta of 1.86. The stock’s 50-day moving average is C$27.19 and its 200 day moving average is C$23.57.

Air Canada (TSE:AC) last announced its earnings results on Tuesday, August 11th. The company reported C$0.40 EPS 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 during the quarter. Sell-side analysts anticipate that Air Canada will post 2.58 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.