Air Canada (TSE:AC) Price Target Raised to C$37.00

Air Canada (TSE:AC) had its price target hoisted by Royal Bank Of Canada from C$28.00 to C$37.00 in a research report report published on Thursday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. reduced their target price on Air Canada from C$27.00 to C$23.00 in a report on Monday, May 4th. Canaccord Genuity Group increased 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. BMO Capital Markets lifted their price target on shares of Air Canada from C$30.00 to C$37.00 and gave the company an “outperform” rating in a research report on Wednesday. Stifel Nicolaus boosted their price objective on shares of Air Canada from C$25.50 to C$30.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, Scotiabank raised shares of Air Canada from a “hold” rating to a “sector outperform” rating and upped their price objective for the stock from C$26.00 to C$33.50 in a report on Tuesday, August 11th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$31.27.

Air Canada Price Performance

Shares of TSE:AC opened at C$29.64 on Thursday. The stock has a market capitalization of C$8.30 billion, a P/E ratio of 22.63, a P/E/G ratio of 0.02 and a beta of 2.02. The business has a 50-day moving average of C$24.46 and a two-hundred day moving average of C$21.10. Air Canada has a fifty-two week low of C$16.45 and a fifty-two week high of C$31.45. The company has a debt-to-equity ratio of 478.10, a current ratio of 0.60 and a quick ratio of 1.05.

Air Canada (TSE:AC) last issued its quarterly earnings data on Tuesday, August 11th. The company reported C$0.40 EPS for the quarter. The business 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%. On average, equities research analysts predict that Air Canada will post 2.5789474 EPS for the current fiscal year.

More Air Canada News

Here are the key news stories impacting Air Canada this week:

• Positive Sentiment: CIBC raised its Air Canada price target from C$26 to C$40, implying approximately 34% upside based on the cited share price. The revision reinforces the bullish analyst view of the airline’s earnings potential. BayStreet.CA analyst ratings
• Positive Sentiment: BMO Capital Markets also forecast strong potential appreciation for Air Canada stock, adding to the positive analyst momentum around the company. BMO Capital Markets Air Canada forecast
• Positive Sentiment: ATB Cormark raised its target from C$32 to C$45 and assigned an “outperform” rating, representing about 48% upside based on the cited price. ATB Cormark analyst rating
• Positive Sentiment: National Bank Financial increased its target from C$29 to C$40 and upgraded the stock to “outperform,” while RBC lifted its target from C$28 to C$37 and also rated Air Canada “outperform.” National Bank and RBC analyst ratings
• Positive Sentiment: UBS raised its target from C$24 to C$33, indicating continued confidence, although its implied upside is more limited than the other revised targets. UBS analyst rating
• Neutral Sentiment: Air Canada’s second-quarter 2026 earnings call transcript provides additional detail on management’s financial performance and outlook, but the supplied report does not identify a specific new catalyst. Air Canada Q2 2026 earnings call transcript
• Positive Sentiment: Scotiabank upgraded Air Canada’s stock rating, further broadening the recent wave of constructive analyst sentiment. Scotiabank Air Canada rating upgrade

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.