National Bank Financial Has Lowered Expectations for Air Canada (TSE:AC) Stock Price

Air Canada (TSE:AC) had its price target cut by National Bank Financial from C$40.00 to C$37.00 in a research note issued to investors on Thursday, BayStreet reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 67.50% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada lifted their target price on shares of Air Canada from C$28.00 to C$37.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Stifel Nicolaus raised their price target on shares of Air Canada from C$30.00 to C$38.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Scotiabank cut their price target on shares of Air Canada from C$37.50 to C$33.00 and set a “sector outperform” rating on the stock in a report on Thursday. ATB Cormark Capital Markets lifted their price objective on shares of 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. Finally, Scotia upped their price objective on shares of Air Canada from C$33.50 to C$37.50 and gave the stock a “sector outperform” rating in a report on Wednesday, August 19th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Air Canada currently has an average rating of “Moderate Buy” and a consensus target price of C$33.04.

Air Canada Stock Down 1.0%

Shares of TSE AC traded down C$0.22 during trading hours on Thursday, hitting C$22.09. The stock had a trading volume of 1,670,717 shares, compared to its average volume of 2,928,560. The company has a market capitalization of C$5.58 billion, a P/E ratio of 16.86, a P/E/G ratio of 0.02 and a beta of 1.86. The firm’s 50-day moving average price is C$27.36 and its two-hundred day moving average price is C$23.55. Air Canada has a 52 week low of C$16.45 and a 52 week high of C$31.45. 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) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$0.40 EPS for the quarter. The firm had revenue of C$6.27 billion for the quarter. Air Canada had a return on equity of 16.92% and a net margin of 1.82%. Analysts anticipate that Air Canada will post 2.58 EPS for the current fiscal year.

About Air Canada

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.