UBS Group Issues Positive Forecast for Air Canada (TSE:AC) Stock Price

Air Canada (TSE:AC) had its price target upped by equities research analysts at UBS Group from C$24.00 to C$33.00 in a research report issued on Thursday,BayStreet.CA reports. UBS Group’s target price suggests a potential upside of 8.23% from the company’s previous close.

Several other research analysts also recently issued reports on AC. JPMorgan Chase & Co. dropped their target price on shares of Air Canada from C$27.00 to C$23.00 in a research note on Monday, May 4th. Royal Bank Of Canada boosted their price objective 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. Canaccord Genuity Group upped their price objective on Air Canada from C$20.00 to C$26.00 and gave the company a “hold” rating in a research report on Monday, July 6th. BMO Capital Markets upped their price objective on Air Canada from C$30.00 to C$37.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, TD cut their target price on Air Canada from C$23.00 to C$21.00 in a research note on Monday, April 20th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Air Canada presently has a consensus rating of “Moderate Buy” and a consensus price target of C$29.88.

Air Canada Stock Down 0.4%

Shares of AC traded down C$0.12 during trading hours on Thursday, hitting C$30.49. The company had a trading volume of 2,359,806 shares, compared to its average volume of 2,963,073. The stock has a market capitalization of C$8.75 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 0.02 and a beta of 2.02. The firm has a fifty day moving average price of C$24.12 and a 200-day moving average price of C$20.97. 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 452.24, a quick ratio of 1.05 and a current ratio of 0.60.

Air Canada (TSE:AC) last announced its quarterly earnings data on Tuesday, August 11th. The company reported C$0.40 EPS for the quarter. The company had revenue of C$6.27 billion for the quarter. Air Canada had a net margin of 3.46% and a return on equity of 34.23%. On average, equities research analysts forecast that Air Canada will post 2.5789474 EPS 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.