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

Air Canada (TSE:AC) had its target price lowered by National Bank Financial from C$37.00 to C$33.00 in a report released on Friday morning,BayStreet reports. National Bank Financial currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on AC. Canaccord Genuity Group raised Air Canada from a “hold” rating to a “buy” rating and dropped their price target for the stock from C$29.00 to C$25.00 in a research report on Thursday, October 22nd. Royal Bank Of Canada lifted their price target on shares of Air Canada from C$28.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Jefferies Financial Group cut Air Canada from a “hold” rating to a “moderate sell” rating and dropped their target price for the stock from C$26.00 to C$19.00 in a research report on Monday, October 19th. Scotiabank cut their price objective on shares of Air Canada from C$37.50 to C$33.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 15th. Finally, BMO Capital Markets raised their price objective on Air Canada from C$30.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$31.00.

Air Canada Stock Down 7.7%

Air Canada stock opened at C$20.19 on Friday. Air Canada has a 1-year low of C$16.45 and a 1-year high of C$31.45. The firm’s fifty day moving average price is C$25.70 and its two-hundred day moving average price is C$22.35. The company has a current ratio of 0.64, a quick ratio of 1.05 and a debt-to-equity ratio of 517.55. The firm has a market capitalization of C$5.10 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 0.02 and a beta of 1.86.

Air Canada (TSE:AC) last announced its earnings results on Thursday, October 29th. The company reported C$0.75 earnings per share (EPS) for the quarter. Air Canada had a net margin of 1.23% and a return on equity of 12.10%. The business had revenue of C$6.98 billion during the quarter. On average, equities research analysts predict that Air Canada will post 2.58 earnings per share for the current fiscal year.

Key Headlines Impacting Air Canada

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

• Positive Sentiment: Air Canada reported third-quarter earnings of C$0.75 per share on C$6.98 billion in revenue, while adjusted earnings beat expectations. The results provide evidence of resilient operating performance and may support the bullish case for the shares. Air Canada Third-Quarter Adjusted Earnings Beat Estimates
• Neutral Sentiment: Scotia, National Bank Financial and BMO Capital Markets lowered their price targets to C$31, C$33 and C$33, respectively, but retained positive ratings ranging from “sector outperform” to “outperform.” Stifel Nicolaus also cut its target to C$32 while maintaining a “buy” rating. The reductions signal more cautious estimates, but the targets imply roughly 54%–64% upside from recent levels. Analyst Recommendations
• Neutral Sentiment: Coverage is focusing on Air Canada’s winter route changes and potential travel-market opportunities. Expanded or better-optimized routes could support demand, but changes to U.S. service are being closely scrutinized by investors. Which Winter Routes Could Boost Travel Options?
• Negative Sentiment: Reports that Air Canada is switching some U.S. routes appear to have unsettled investors, raising questions about network demand, capacity allocation and near-term revenue growth. Air Canada Is Switching Up Some of Its U.S. Routes
• Negative Sentiment: Scotiabank issued a negative earnings estimate for Air Canada, while ATB Capital Markets also reduced its price target, adding to the cautious tone surrounding the stock. Scotiabank Issues Negative Estimate

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.