Air Canada (TSE:AC) Upgraded to “Outperform” at National Bank Financial

Air Canada (TSE:AC) was upgraded by stock analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a C$29.00 price target on the stock, up from their prior price target of C$22.00. National Bank Financial’s price target points to a potential upside of 14.26% from the company’s previous close.

AC has been the topic of several other reports. Jefferies Financial Group increased their price objective on shares of Air Canada from C$17.00 to C$19.00 in a research report on Tuesday, March 31st. Royal Bank Of Canada lifted their target price on shares of Air Canada from C$22.00 to C$28.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. TD decreased their price target on shares of Air Canada from C$23.00 to C$21.00 in a research note on Monday, April 20th. Scotiabank cut shares of Air Canada from an “outperform” rating to a “hold” rating and lowered their price target for the company from C$27.00 to C$21.00 in a report on Tuesday, March 10th. Finally, ATB Cormark Capital Markets cut their price objective on shares of Air Canada from C$33.00 to C$32.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$24.73.

Air Canada Stock Performance

Shares of TSE AC traded up C$0.18 during midday trading on Tuesday, hitting C$25.38. 1,198,038 shares of the company’s stock were exchanged, compared to its average volume of 3,014,706. The company has a quick ratio of 1.05, a current ratio of 0.60 and a debt-to-equity ratio of 452.24. The firm has a market capitalization of C$7.29 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 0.02 and a beta of 2.00. Air Canada has a 12 month low of C$16.45 and a 12 month high of C$25.43. The company’s 50 day moving average price is C$21.44 and its 200 day moving average price is C$19.94.

Air Canada (TSE:AC) last posted its quarterly earnings results on Thursday, April 30th. The company reported C($0.05) earnings per share for the quarter. Air Canada had a net margin of 3.46% and a return on equity of 34.23%. The business had revenue of C$5.79 billion during the quarter. As a group, analysts predict 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, 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.