Brokerages Set Air Canada (TSE:AC) PT at C$24.42

Shares of Air Canada (TSE:AC) have been given an average recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$24.42.

A number of research analysts recently issued reports on AC shares. BMO Capital Markets dropped their price target on Air Canada from C$28.00 to C$27.00 in a research note on Thursday, October 9th. National Bankshares upped their price target on shares of Air Canada from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 14th. Scotiabank raised their price objective on shares of Air Canada from C$25.00 to C$26.50 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. CIBC upped their price objective on Air Canada from C$23.00 to C$24.00 in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada set a C$25.00 target price on Air Canada and gave the company an “outperform” rating in a research note on Tuesday, November 25th.

Air Canada Trading Down 0.3%

TSE AC opened at C$19.17 on Friday. The firm’s fifty day moving average price is C$19.14 and its 200 day moving average price is C$19.12. Air Canada has a 12 month low of C$12.69 and a 12 month high of C$23.72. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06. The company has a market capitalization of C$5.68 billion, a price-to-earnings ratio of -27.78, a price-to-earnings-growth ratio of 0.02 and a beta of 1.75.

Air Canada (TSE:AC) last announced its quarterly earnings results on Tuesday, November 4th. The company reported C$0.75 earnings per share for the quarter. The firm had revenue of C$5.77 billion during the quarter. Air Canada had a net margin of 11.57% and a return on equity of 177.01%. On average, sell-side analysts expect that Air Canada will post 2.5789474 earnings per share for the current fiscal year.

Air Canada Company Profile

Air Canada is Canada’s largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.