Air Canada (TSE:AC) Price Target Raised to C$45.00

Air Canada (TSE:AC) had its price target increased by ATB Cormark Capital Markets from C$32.00 to C$45.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts also recently issued reports on the company. Canaccord Genuity Group upped their price objective on Air Canada from C$20.00 to C$26.00 and gave the stock a “hold” rating in a report on Monday, July 6th. Scotiabank upgraded Air Canada from a “hold” rating to a “sector outperform” rating and boosted their target price for the stock from C$26.00 to C$33.50 in a research report on Tuesday, August 11th. BMO Capital Markets boosted their target price on Air Canada from C$30.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Wednesday. National Bank Financial upped their price target on Air Canada from C$29.00 to C$40.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, UBS Group raised their price target on Air Canada from C$24.00 to C$33.00 in a report on Thursday. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$31.27.

Air Canada Price Performance

Shares of AC stock opened at C$29.64 on Thursday. Air Canada has a 1 year low of C$16.45 and a 1 year high of C$31.45. The company has a current ratio of 0.60, a quick ratio of 1.05 and a debt-to-equity ratio of 478.10. The firm’s 50 day moving average is C$24.46 and its 200-day moving average is C$21.10. The firm has a market capitalization of C$8.30 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 0.02 and a beta of 2.02.

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

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.