Air Canada (TSE:AC) has received an average recommendation of “Hold” from the eleven research firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$27.70.
AC has been the subject of several recent analyst reports. Royal Bank of Canada cut their price target on Air Canada from C$27.00 to C$23.00 in a research note on Wednesday, July 22nd. Cowen boosted their price objective on Air Canada from C$17.00 to C$19.00 in a research note on Tuesday, May 5th. TD Securities boosted their price objective on Air Canada from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Cormark cut Air Canada from a “buy” rating to a “market perform” rating and lowered their target price for the stock from C$28.00 to C$20.00 in a report on Wednesday, May 6th. Finally, CIBC lowered their target price on Air Canada from C$25.00 to C$23.00 in a report on Wednesday, July 15th.
Shares of TSE:AC opened at C$15.11 on Friday. Air Canada has a 12-month low of C$9.26 and a 12-month high of C$52.71. The business’s fifty day simple moving average is C$17.24 and its 200-day simple moving average is C$26.03. The company has a market capitalization of $4.48 billion and a PE ratio of 51.57. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 250.95.
Air Canada (TSE:AC) last posted its quarterly earnings data on Monday, May 4th. The company reported C($1.49) earnings per share for the quarter, missing the Zacks’ consensus estimate of C($1.15) by C($0.34). The firm had revenue of C$3.72 billion during the quarter, compared to analysts’ expectations of C$3.78 billion. Research analysts predict that Air Canada will post 0.57 EPS for the current year.
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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