Air Canada (TSE:AC) Issues Earnings Results

Air Canada (TSE:AC) posted its quarterly earnings data on Tuesday. The company reported C$0.40 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$6.27 billion during the quarter. Air Canada had a net margin of 3.46% and a return on equity of 34.23%.

Air Canada Price Performance

Shares of AC stock opened at C$30.61 on Thursday. The firm has a fifty day moving average of C$24.12 and a two-hundred day moving average of C$20.97. The firm has a market cap of C$8.79 billion, a P/E ratio of 12.65, a P/E/G ratio of 0.02 and a beta of 2.02. Air Canada has a 1-year low of C$16.45 and a 1-year high of C$31.45. The company has a debt-to-equity ratio of 452.24, a current ratio of 0.60 and a quick ratio of 1.05.

Wall Street Analyst Weigh In

Several research analysts recently commented on AC shares. TD cut their price target on Air Canada from C$23.00 to C$21.00 in a research note on Monday, April 20th. ATB Cormark Capital Markets lowered their price objective on Air Canada from C$33.00 to C$32.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Royal Bank Of Canada lifted their price objective on Air Canada from C$22.00 to C$28.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. National Bank Financial raised Air Canada from a “hold” rating to an “outperform” rating and upped their target price for the company from C$22.00 to C$29.00 in a research report on Tuesday, July 7th. Finally, Stifel Nicolaus upped their target price on Air Canada from C$25.50 to C$30.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$26.88.

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.