Air Canada (TSE:AC) Price Target Raised to C$38.00 at Stifel Nicolaus

Air Canada (TSE:AC) had its price objective increased by equities researchers at Stifel Nicolaus from C$30.00 to C$38.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 29.12% from the company’s current price.

A number of other analysts also recently issued reports on the company. BMO Capital Markets lifted their target price on Air Canada from C$30.00 to C$37.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. ATB Cormark Capital Markets increased their price target on Air Canada from C$32.00 to C$45.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. UBS Group raised their price target on Air Canada from C$24.00 to C$33.00 in a research note on Thursday, August 13th. National Bank Financial boosted their price target on Air Canada from C$29.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. Finally, Scotiabank upgraded 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 research note on Tuesday, August 11th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Air Canada has a consensus rating of “Moderate Buy” and a consensus target price of C$32.29.

Air Canada Stock Down 1.6%

Air Canada stock traded down C$0.47 during mid-day trading on Wednesday, reaching C$29.43. The company’s stock had a trading volume of 998,427 shares, compared to its average volume of 2,948,172. 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 has a 12 month low of C$16.45 and a 12 month high of C$31.45. The business’s 50 day simple moving average is C$24.81 and its 200 day simple moving average is C$21.27. The company has a market capitalization of C$8.24 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 0.02 and a beta of 2.02.

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