Air Canada (TSE:AC) Cut to “Moderate Sell” at Jefferies Financial Group

Jefferies Financial Group lowered shares of Air Canada (TSE:AC) from a hold rating to a moderate sell rating in a research report released on Monday, Marketbeat reports. They currently have C$19.00 price target on the stock, down from their previous price target of C$26.00.

A number of other research analysts have also commented on AC. Canadian Imperial Bank of Commerce lifted their price objective on shares of Air Canada from C$26.00 to C$40.00 in a research note on Friday, August 14th. UBS Group upped their target price on shares of Air Canada from C$24.00 to C$33.00 in a report on Thursday, August 13th. National Bank Financial decreased their target price on shares of Air Canada from C$40.00 to C$37.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. BMO Capital Markets raised their price target on Air Canada from C$30.00 to C$37.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Finally, ATB Cormark Capital Markets raised their price target on Air Canada from C$32.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Air Canada has a consensus rating of “Moderate Buy” and an average target price of C$33.04.

Air Canada Stock Performance

Shares of AC opened at C$22.07 on Monday. The company has a current ratio of 0.60, a quick ratio of 1.05 and a debt-to-equity ratio of 478.10. The firm has a market cap of C$5.58 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 0.02 and a beta of 1.86. The company’s 50 day simple moving average is C$26.82 and its 200-day simple moving average is C$23.69. Air Canada has a 12-month low of C$16.45 and a 12-month high of C$31.45.

Air Canada (TSE:AC) last announced its earnings results on Tuesday, August 11th. The company reported C$0.40 EPS for the quarter. The business had revenue of C$6.27 billion for the quarter. Air Canada had a net margin of 1.82% and a return on equity of 16.92%. As a group, equities analysts predict that Air Canada will post 2.58 EPS for the current 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.