Air Canada (TSE:AC) PT Lowered to C$24.00

Air Canada (TSE:AC) had its price objective lowered by National Bankshares from C$28.00 to C$24.00 in a report released on Monday, BayStreet.CA reports. National Bankshares’ target price would indicate a potential upside of 47.15% from the stock’s current price.

Several other research firms also recently weighed in on AC. ATB Capital boosted their target price on Air Canada from C$32.00 to C$33.00 in a report on Friday, May 3rd. Jefferies Financial Group reduced their price objective on Air Canada from C$20.00 to C$19.00 in a research note on Thursday, June 20th. CIBC reduced their price objective on Air Canada from C$30.00 to C$28.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. TD Securities reduced their price objective on Air Canada from C$33.00 to C$25.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Finally, BMO Capital Markets reduced their price objective on Air Canada from C$32.00 to C$30.00 in a research note on Thursday. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$28.04.

Air Canada Stock Down 4.5 %

TSE AC traded down C$0.76 during trading on Monday, reaching C$16.31. 3,773,724 shares of the company’s stock were exchanged, compared to its average volume of 2,158,448. The stock has a market cap of C$5.85 billion, a P/E ratio of 2.83, a price-to-earnings-growth ratio of 0.02 and a beta of 2.40. The company has a debt-to-equity ratio of 1,767.66, a quick ratio of 1.06 and a current ratio of 0.85. The company has a 50 day moving average price of C$17.77 and a two-hundred day moving average price of C$18.42. Air Canada has a 1 year low of C$16.04 and a 1 year high of C$25.85.

Air Canada (TSE:AC) last announced its quarterly earnings results on Thursday, May 2nd. The company reported C($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.15) by C($0.12). The business had revenue of C$5.23 billion during the quarter, compared to the consensus estimate of C$5.13 billion. On average, equities research analysts anticipate that Air Canada will post 3.1906412 EPS for the current fiscal year.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.