Air Canada (TSE:AC) Price Target Raised to C$37.00

Air Canada (TSE:AC) had its price objective boosted by BMO Capital Markets from C$30.00 to C$37.00 in a report published on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Air Canada from C$27.00 to C$23.00 in a report on Monday, May 4th. Scotiabank raised 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 report on Tuesday. Canaccord Genuity Group raised their target price on Air Canada from C$20.00 to C$26.00 and gave the company a “hold” rating in a research report on Monday, July 6th. TD lowered their target price on Air Canada from C$23.00 to C$21.00 in a research report on Monday, April 20th. Finally, ATB Cormark Capital Markets cut their target price on Air Canada from C$33.00 to C$32.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$31.27.

Air Canada Trading Down 2.5%

Shares of TSE:AC opened at C$29.64 on Wednesday. The company has a market cap of C$8.30 billion, a PE ratio of 22.63, a P/E/G ratio of 0.02 and a beta of 2.02. The company’s 50-day moving average price is C$24.46 and its 200 day moving average price is C$21.10. Air Canada has a fifty-two week low of C$16.45 and a fifty-two week high of C$31.45. The company has a quick ratio of 1.05, a current ratio of 0.60 and a debt-to-equity ratio of 478.10.

Air Canada (TSE:AC) last posted its earnings results on Tuesday, August 11th. The company reported C$0.40 earnings per share (EPS) for the quarter. Air Canada had a net margin of 1.82% and a return on equity of 16.92%. The firm had revenue of C$6.27 billion during the quarter. Sell-side analysts anticipate that Air Canada will post 2.5789474 earnings per share for the current year.

More Air Canada News

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

• Positive Sentiment: CIBC raised its Air Canada price target from C$26 to C$40, implying approximately 34% upside based on the cited share price. The revision reinforces the bullish analyst view of the airline’s earnings potential. BayStreet.CA analyst ratings
• Positive Sentiment: BMO Capital Markets also forecast strong potential appreciation for Air Canada stock, adding to the positive analyst momentum around the company. BMO Capital Markets Air Canada forecast
• Positive Sentiment: ATB Cormark raised its target from C$32 to C$45 and assigned an “outperform” rating, representing about 48% upside based on the cited price. ATB Cormark analyst rating
• Positive Sentiment: National Bank Financial increased its target from C$29 to C$40 and upgraded the stock to “outperform,” while RBC lifted its target from C$28 to C$37 and also rated Air Canada “outperform.” National Bank and RBC analyst ratings
• Positive Sentiment: UBS raised its target from C$24 to C$33, indicating continued confidence, although its implied upside is more limited than the other revised targets. UBS analyst rating
• Neutral Sentiment: Air Canada’s second-quarter 2026 earnings call transcript provides additional detail on management’s financial performance and outlook, but the supplied report does not identify a specific new catalyst. Air Canada Q2 2026 earnings call transcript
• Positive Sentiment: Scotiabank upgraded Air Canada’s stock rating, further broadening the recent wave of constructive analyst sentiment. Scotiabank Air Canada rating upgrade

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.