Air Canada (TSE:AC) Price Target Raised to C$26.75 at Cormark

Air Canada (TSE:AC) had its target price hoisted by Cormark from C$21.75 to C$26.75 in a research note issued to investors on Monday, BayStreet.CA reports. Cormark also issued estimates for Air Canada’s Q2 2025 earnings at $1.32 EPS.

AC has been the topic of a number of other research reports. ATB Capital decreased their price objective on Air Canada from C$27.00 to C$26.50 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. CIBC decreased their price target on shares of Air Canada from C$28.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 23rd. Scotiabank boosted their price objective on shares of Air Canada from C$24.00 to C$26.50 in a research report on Monday. Citigroup raised their target price on shares of Air Canada from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, TD Securities lowered their target price on shares of Air Canada from C$25.00 to C$19.00 in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$24.98.

Air Canada Stock Up 1.1 %

AC stock opened at C$21.74 on Monday. The company has a debt-to-equity ratio of 1,070.99, a current ratio of 0.85 and a quick ratio of 1.06. The company’s 50 day simple moving average is C$16.84 and its 200-day simple moving average is C$17.41. Air Canada has a 12 month low of C$14.47 and a 12 month high of C$21.97. The firm has a market capitalization of C$7.79 billion, a PE ratio of 4.85, a P/E/G ratio of 0.02 and a beta of 2.39.

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

Insider Buying and Selling

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

Air Canada Company Profile

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.