Air Canada (TSE:AC) Price Target Increased to C$33.00 by Analysts at ATB Capital

Air Canada (TSE:AC - Get Free Report) had its price target upped by investment analysts at ATB Capital from C$32.00 to C$33.00 in a report released on Friday, BayStreet.CA reports. ATB Capital's price objective suggests a potential upside of 75.91% from the company's current price.

AC has been the subject of a number of other reports. Scotiabank cut their price objective on shares of Air Canada from C$30.00 to C$29.00 and set an "outperform" rating for the company in a report on Thursday, March 28th. TD Securities cut their price objective on Air Canada from C$34.00 to C$33.00 and set a "buy" rating for the company in a research report on Friday. Royal Bank of Canada set a C$18.00 price target on Air Canada and gave the company a "sector perform" rating in a report on Thursday, April 4th. JPMorgan Chase & Co. lifted their price objective on shares of Air Canada from C$38.00 to C$41.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. Finally, Canaccord Genuity Group increased their price objective on Air Canada from C$31.00 to C$32.00 and gave the stock a "buy" rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$30.12.

Air Canada Stock Performance

Shares of TSE:AC traded up C$0.01 during midday trading on Friday, hitting C$18.76. The company had a trading volume of 3,521,140 shares, compared to its average volume of 2,357,692. The company has a fifty day moving average of C$19.00 and a two-hundred day moving average of C$18.41. Air Canada has a 12-month low of C$16.04 and a 12-month high of C$26.04. The company has a debt-to-equity ratio of 1,741.46, a current ratio of 1.02 and a quick ratio of 1.06. The company has a market cap of C$6.72 billion, a price-to-earnings ratio of 3.15, a PEG ratio of 0.02 and a beta of 2.42.

Air Canada (TSE:AC - Get Free Report) last posted its quarterly earnings results on Friday, February 16th. The company reported C($0.12) earnings per share for the quarter, missing analysts' consensus estimates of C($0.05) by C($0.07). The business had revenue of C$5.18 billion for the quarter, compared to analyst estimates of C$5.05 billion. On average, equities research analysts expect that Air Canada will post 2.9024768 EPS for the current fiscal year.

Insider Activity

In other Air Canada news, Senior Officer Mark Youssef Nasr bought 2,406 shares of Air Canada stock in a transaction dated Thursday, February 29th. The stock was acquired at an average cost of C$18.21 per share, with a total value of C$43,823.37. Insiders own 0.17% of the company's stock.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.