UBS Group Increases Air Canada (TSE:AC) Price Target to C$33.00

Air Canada (TSE:AC) had its price target hoisted by UBS Group from C$24.00 to C$33.00 in a research note issued on Thursday,BayStreet.CA reports. UBS Group’s target price would suggest a potential upside of 8.23% from the company’s previous close.

AC has been the topic of a number of other research reports. Royal Bank Of Canada increased their target price on Air Canada from C$22.00 to C$28.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Stifel Nicolaus boosted their price target on 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. JPMorgan Chase & Co. reduced their price target on shares of Air Canada from C$27.00 to C$23.00 in a research report on Monday, May 4th. Scotiabank upgraded shares of Air Canada from a “hold” rating to a “sector outperform” rating and increased their price objective for the stock from C$26.00 to C$33.50 in a research note on Tuesday. Finally, TD dropped their price objective on shares of Air Canada from C$23.00 to C$21.00 in a report on Monday, April 20th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Air Canada currently has a consensus rating of “Moderate Buy” and a consensus target price of C$29.88.

Air Canada Stock Performance

AC traded down C$0.12 during mid-day trading on Thursday, reaching C$30.49. 2,359,806 shares of the company traded hands, compared to its average volume of 2,963,073. The company’s fifty day moving average price is C$24.12 and its 200-day moving average price is C$20.97. The stock has a market capitalization of C$8.75 billion, a P/E ratio of 12.60, a P/E/G ratio of 0.02 and a beta of 2.02. The company has a quick ratio of 1.05, a current ratio of 0.60 and a debt-to-equity ratio of 452.24. Air Canada has a 52-week low of C$16.45 and a 52-week high of C$31.45.

Air Canada (TSE:AC) last released its quarterly earnings results on Tuesday, August 11th. The company reported C$0.40 earnings per share (EPS) for the quarter. Air Canada had a return on equity of 34.23% and a net margin of 3.46%.The firm had revenue of C$6.27 billion for the quarter. On average, sell-side analysts expect 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.