Air Canada (TSE:AC) Given New C$26.00 Price Target at Canaccord Genuity Group

Air Canada (TSE:AC) had its price objective upped by equities research analysts at Canaccord Genuity Group from C$20.00 to C$26.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 3.59% from the company’s previous close.

AC has been the topic of several other reports. BMO Capital Markets reduced their target price on Air Canada from C$27.00 to C$26.00 in a report on Tuesday, March 31st. ATB Cormark Capital Markets reduced their price objective on 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. National Bank Financial cut their price objective on shares of Air Canada from C$25.00 to C$22.00 in a research report on Thursday, April 2nd. Royal Bank Of Canada lifted their target price on shares of Air Canada from C$22.00 to C$28.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Finally, Canadian Imperial Bank of Commerce reduced their target price on Air Canada from C$25.00 to C$22.00 in a research note on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Air Canada presently has a consensus rating of “Hold” and an average price target of C$24.19.

Air Canada Trading Up 2.0%

Shares of AC traded up C$0.49 during trading on Monday, reaching C$25.10. 2,317,353 shares of the company traded hands, compared to its average volume of 3,016,615. The company has a quick ratio of 1.05, a current ratio of 0.60 and a debt-to-equity ratio of 452.24. Air Canada has a twelve month low of C$16.45 and a twelve month high of C$25.15. The stock has a market cap of C$7.21 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 0.02 and a beta of 2.00. The stock has a 50-day simple moving average of C$21.30 and a 200-day simple moving average of C$19.90.

Air Canada (TSE:AC) last released its quarterly earnings data on Thursday, April 30th. The company reported C($0.05) earnings per share (EPS) for the quarter. The business had revenue of C$5.79 billion during the quarter. Air Canada had a net margin of 3.46% and a return on equity of 34.23%. On average, analysts anticipate that Air Canada will post 2.5789474 earnings per share for the current year.

About Air Canada

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.