Air Canada (TSE:AC) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Air Canada (TSE:AC) had its price objective increased by investment analysts at Stifel Nicolaus from C$25.50 to C$30.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 32.45% from the company’s current price.

AC has been the topic of a number of other research reports. National Bank Financial raised Air Canada from a “hold” rating to an “outperform” rating and increased their target price for the stock from C$22.00 to C$29.00 in a report on Tuesday, July 7th. Jefferies Financial Group boosted their price target on Air Canada from C$17.00 to C$19.00 in a report on Tuesday, March 31st. JPMorgan Chase & Co. dropped their price target on Air Canada from C$27.00 to C$23.00 in a research report on Monday, May 4th. Royal Bank Of Canada raised their price objective on Air Canada from C$22.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Finally, BMO Capital Markets lifted their price objective on shares of Air Canada from C$26.00 to C$30.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Air Canada presently has an average rating of “Moderate Buy” and an average price target of C$25.25.

Air Canada Price Performance

AC opened at C$22.65 on Wednesday. The company has a 50-day moving average of C$22.62 and a 200-day moving average of C$20.32. The company has a market capitalization of C$6.71 billion, a P/E ratio of 9.36, a PEG ratio of 0.02 and a beta of 2.00. Air Canada has a 1-year low of C$16.45 and a 1-year high of C$25.50. The company has a debt-to-equity ratio of 452.24, a quick ratio of 1.05 and a current ratio of 0.60.

Air Canada (TSE:AC) last issued its quarterly earnings results on Thursday, April 30th. The company reported C($0.05) EPS for the quarter. The company had revenue of C$5.79 billion for the quarter. Air Canada had a return on equity of 34.23% and a net margin of 3.46%. Equities analysts expect that Air Canada will post 2.5789474 EPS for the current fiscal year.

About Air Canada

Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Headquartered in Montréal, Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, with more than 10 million members worldwide. Members can earn or redeem points on the world’s largest airline partner network of more than 50 airlines, plus through an extensive range of merchandise, hotel and car rental partners.