Royal Bank Of Canada Reiterates “C$25.00” Price Target for Air Canada (TSE:AC)

Air Canada (TSE:AC) has been assigned a C$25.00 target price by Royal Bank Of Canada in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 33.55% from the company’s current price.

AC has been the subject of a number of other reports. National Bank Financial lowered Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. UBS Group upgraded Air Canada to a “hold” rating in a research note on Tuesday, November 18th. TD Securities decreased their target price on Air Canada from C$25.00 to C$22.00 in a research report on Friday, September 26th. CIBC reduced their price target on shares of Air Canada from C$24.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Finally, Stifel Nicolaus lowered their price objective on shares of Air Canada from C$25.00 to C$24.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$24.46.

Air Canada Trading Up 1.5%

Shares of Air Canada stock traded up C$0.27 during trading on Tuesday, hitting C$18.72. The stock had a trading volume of 2,784,604 shares, compared to its average volume of 3,179,828. The firm’s fifty day simple moving average is C$18.32 and its 200-day simple moving average is C$19.23. The stock has a market cap of C$5.54 billion, a PE ratio of -27.13, a PEG ratio of 0.02 and a beta of 1.49. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06. Air Canada has a 12 month low of C$12.69 and a 12 month high of C$26.18.

Air Canada (TSE:AC) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$0.75 EPS for the quarter. The company had revenue of C$5.77 billion for the quarter. Air Canada had a net margin of 11.57% and a return on equity of 177.01%. As a group, sell-side analysts expect that Air Canada will post 2.5789474 EPS for the current fiscal year.

About Air Canada

Air Canada is Canada’s largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.