Air Canada (TSE:AC) PT Raised to C$18.00 at Jefferies Financial Group

Air Canada (TSE:AC) had its target price raised by Jefferies Financial Group from C$16.00 to C$18.00 in a research report report published on Wednesday, BayStreet.CA reports.

Several other brokerages have also weighed in on AC. Royal Bank of Canada cut their target price on 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. CIBC reduced their price objective on 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. ATB Capital dropped their target price on shares of Air Canada from C$27.00 to C$26.50 and set an outperform rating for the company in a research report on Tuesday, September 10th. Citigroup reduced their price target on shares of Air Canada from C$25.00 to C$21.00 and set a buy rating on the stock in a research report on Wednesday, July 31st. Finally, TD Securities decreased their price objective 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 and eleven have given a buy rating to the company. According to data from MarketBeat.com, Air Canada has a consensus rating of Moderate Buy and an average price target of C$23.75.

Air Canada Trading Up 1.0 %

Air Canada stock opened at C$16.42 on Wednesday. The stock has a market cap of C$5.89 billion, a PE ratio of 3.67, a P/E/G ratio of 0.02 and a beta of 2.39. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99. The stock has a 50-day moving average price of C$15.73 and a 200 day moving average price of C$17.48. Air Canada has a 52 week low of C$14.47 and a 52 week high of C$20.47.

Air Canada (TSE:AC) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.98 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.85 by C$0.13. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. The company had revenue of C$5.52 billion for the quarter, compared to analyst estimates of C$5.55 billion. Equities research analysts predict that Air Canada will post 2.8191126 earnings per share for the current fiscal year.

Insider Activity

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

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.