Air Canada (TSE:AC) had its price objective increased by National Bank Financial from C$52.00 to C$55.00 in a research note published on Wednesday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for Air Canada’s Q3 2019 earnings at $2.20 EPS, FY2019 earnings at $3.42 EPS and FY2020 earnings at $3.85 EPS.
A number of other analysts have also recently weighed in on the stock. Canaccord Genuity boosted their target price on shares of Air Canada from C$45.00 to C$50.00 in a research note on Tuesday, July 23rd. CIBC boosted their target price on shares of Air Canada from C$50.00 to C$53.00 in a research note on Wednesday. Raymond James boosted their target price on shares of Air Canada from C$38.00 to C$44.50 and gave the stock a market perform rating in a research note on Wednesday. Royal Bank of Canada boosted their target price on shares of Air Canada from C$48.00 to C$57.00 and gave the stock an outperform rating in a research note on Wednesday. Finally, Morgan Stanley set a C$46.00 target price on shares of Air Canada and gave the stock an overweight rating in a research note on Friday, April 5th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of C$49.96.
TSE AC opened at C$45.41 on Wednesday. The business’s fifty day moving average is C$41.86. The company has a market capitalization of $12.64 billion and a PE ratio of 17.60. Air Canada has a fifty-two week low of C$22.57 and a fifty-two week high of C$47.43. The company has a current ratio of 0.93, a quick ratio of 0.85 and a debt-to-equity ratio of 294.80.
Air Canada (TSE:AC) last posted its earnings results on Monday, May 6th. The company reported C$0.06 earnings per share for the quarter, topping analysts’ consensus estimates of C($0.18) by C$0.24. The company had revenue of C$4.45 billion for the quarter, compared to the consensus estimate of C$4.38 billion. As a group, analysts expect that Air Canada will post 4.83 EPS for the current year.
In other news, Senior Officer Pierre Houle sold 1,955 shares of Air Canada stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of C$35.81, for a total transaction of C$70,009.53.
Air Canada Company Profile
Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name 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.
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