Air Canada (TSE:AC) Stock Has Average Price Target of C$33.08 According to Brokerages

Key Points

• Air Canada has a “Moderate Buy” consensus from 10 analysts: seven buy ratings and three holds, with an average 12-month price target of C$33.08.
• Several brokerages recently raised their targets, including ATB Cormark to C$45, National Bank Financial to C$40, RBC to C$37, and Stifel to C$38.
• Shares opened at C$26.89, up 2.8%, while the company reported quarterly EPS of C$0.40 and revenue of C$6.27 billion.

Air Canada (TSE:AC - Get Free Report) has been given an average recommendation of "Moderate Buy" by the ten ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$33.08.

A number of analysts have recently issued reports on AC shares. National Bank Financial raised their price objective on Air Canada from C$29.00 to C$40.00 and gave the company an "outperform" rating in a research report on Thursday, August 13th. Royal Bank Of Canada boosted their target price on Air Canada from C$28.00 to C$37.00 and gave the stock an "outperform" rating in a report on Thursday, August 13th. ATB Cormark Capital Markets increased their price target on Air Canada from C$32.00 to C$45.00 and gave the company an "outperform" rating in a research note on Thursday, August 13th. Canaccord Genuity Group raised their price target on Air Canada from C$20.00 to C$26.00 and gave the company a "hold" rating in a report on Monday, July 6th. Finally, Stifel Nicolaus lifted their price objective on shares of Air Canada from C$30.00 to C$38.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th.

Air Canada Trading Up 2.8%

Shares of TSE:AC opened at C$26.89 on Wednesday. Air Canada has a 52-week low of C$16.45 and a 52-week high of C$31.45. The company has a market capitalization of C$6.80 billion, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 0.02 and a beta of 2.02. The company has a 50-day simple moving average of C$27.44 and a 200 day simple moving average of C$23.01. The company has a debt-to-equity ratio of 478.10, a quick ratio of 1.05 and a current ratio of 0.60.

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

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