Air Canada (TSE:AC) Price Target Raised to C$38.00

Air Canada (TSE:AC) had its target price upped by Stifel Nicolaus from C$30.00 to C$38.00 in a research note released on Wednesday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other analysts also recently commented on the stock. Canaccord Genuity Group upped their price target on shares of 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. UBS Group lifted their price objective on shares of Air Canada from C$24.00 to C$33.00 in a research note on Thursday, August 13th. National Bank Financial upped their target price on shares of Air Canada from C$29.00 to C$40.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. ATB Cormark Capital Markets upped their target price on shares of Air Canada from C$32.00 to C$45.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Finally, BMO Capital Markets increased their target price on shares of Air Canada from C$30.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$32.29.

Air Canada Price Performance

Shares of TSE AC opened at C$28.76 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 1.05 and a debt-to-equity ratio of 478.10. Air Canada has a twelve month low of C$16.45 and a twelve month high of C$31.45. The stock has a 50 day moving average of C$25.28 and a two-hundred day moving average of C$21.46. The stock has a market cap of C$8.06 billion, a P/E ratio of 21.95, a P/E/G ratio of 0.02 and a beta of 2.02.

Air Canada (TSE:AC) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C$0.40 earnings per share for the quarter. The business had revenue of C$6.27 billion during the quarter. Air Canada had a return on equity of 16.92% and a net margin of 1.82%. On average, research analysts forecast 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.