Brokerages Set Air Canada (TSE:AC) Target Price at C$32.29

Air Canada (TSE:AC) has been given an average recommendation of “Moderate Buy” by the eleven brokerages that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$32.29.

Several analysts have issued reports on AC shares. National Bank Financial lifted 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, August 13th. BMO Capital Markets upped their target price on Air Canada from C$30.00 to C$37.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Scotia increased their price target on Air Canada from C$33.50 to C$37.50 and gave the company a “sector outperform” rating in a research report on Wednesday, August 19th. 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 research note on Monday, July 6th. Finally, ATB Cormark Capital Markets lifted their price target on Air Canada from C$32.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th.

Air Canada Price Performance

AC opened at C$28.72 on Friday. 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 has a 12 month low of C$16.45 and a 12 month high of C$31.45. The company has a fifty day simple moving average of C$26.25 and a 200 day simple moving average of C$22.09. The stock has a market cap of C$8.05 billion, a P/E ratio of 21.92, a P/E/G ratio of 0.02 and a beta of 2.02.

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