Analysts Set Air Canada (TSE:AC) PT at C$23.79

Shares of Air Canada (TSE:AC) have been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$23.75.

A number of research analysts have commented on AC shares. Royal Bank of Canada cut their target price on shares of Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 23rd. National Bankshares cut their price objective on shares of Air Canada from C$28.00 to C$24.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Scotiabank lowered their target price on Air Canada from C$27.00 to C$21.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. BMO Capital Markets cut their price target on Air Canada from C$33.00 to C$28.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Finally, Citigroup decreased their price objective on Air Canada from C$25.00 to C$21.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st.

Insider Activity at Air Canada

In related news, Senior Officer Christophe Hennebelle acquired 1,900 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of C$15.70 per share, for a total transaction of C$29,830.00. 0.14% of the stock is owned by corporate insiders.

Air Canada Stock Performance

The company has a market capitalization of C$5.68 billion, a P/E ratio of 3.54, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. Air Canada has a 52-week low of C$14.47 and a 52-week high of C$20.96. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85. The stock’s fifty day simple moving average is C$15.97 and its two-hundred day simple moving average is C$17.64.

Air Canada (TSE:AC) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.85 by C$0.13. The company 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%. As a group, equities research analysts predict that Air Canada will post 2.818854 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.