Recent Analysts’ Ratings Updates for Air Canada (AC)

Several analysts have recently updated their ratings and price targets for Air Canada (TSE: AC):

• 10/16/2024 – Air Canada was given a new C$20.00 price target on by analysts at Stifel Nicolaus. They now have a “hold” rating on the stock.
• 10/15/2024 – Air Canada had its price target raised by analysts at Scotiabank from C$22.00 to C$24.00. They now have an “outperform” rating on the stock.
• 10/15/2024 – Air Canada was upgraded by analysts at Stifel Canada to a “hold” rating.
• 10/15/2024 – Air Canada had its price target raised by analysts at Citigroup Inc. from C$20.00 to C$21.00. They now have a “buy” rating on the stock.
• 10/2/2024 – Air Canada had its price target raised by analysts at Jefferies Financial Group Inc. from C$16.00 to C$18.00.
• 9/25/2024 – Air Canada had its price target lowered by analysts at National Bankshares, Inc. from C$24.00 to C$22.00. They now have an “outperform” rating on the stock.
• 9/10/2024 – Air Canada had its price target lowered by analysts at ATB Capital from C$27.00 to C$26.50. They now have an “outperform” rating on the stock.

Air Canada Price Performance

Shares of AC stock traded up C$0.31 on Monday, reaching C$21.82. The company had a trading volume of 3,031,112 shares, compared to its average volume of 2,327,572. The stock has a market capitalization of C$7.82 billion, a PE ratio of 4.87, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,070.99. Air Canada has a one year low of C$14.47 and a one year high of C$21.97. The business’s 50-day moving average is C$16.71 and its 200 day moving average is C$17.39.

Air Canada (TSE:AC) last posted its earnings results on Wednesday, August 7th. The company reported C$0.98 EPS for the quarter, topping analysts’ consensus estimates of C$0.85 by C$0.13. The firm had revenue of C$5.52 billion during the quarter, compared to analysts’ expectations of C$5.55 billion. Air Canada had a net margin of 7.92% and a return on equity of 603.77%. Equities research analysts forecast that Air Canada will post 2.5789474 EPS for the current fiscal year.

Insider Buying and Selling at Air Canada

In other news, Senior Officer Christophe Hennebelle bought 1,900 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was acquired at an average price of C$15.70 per share, with a total value of C$29,830.00. Insiders own 0.14% of the company’s stock.

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.