ATB Capital Issues Positive Forecast for Air Canada (TSE:AC) Stock Price

Air Canada (TSE:AC) had its price target upped by ATB Capital from C$26.50 to C$28.00 in a research note published on Monday, BayStreet.CA reports.

Several other equities analysts have also recently commented on AC. Canaccord Genuity Group boosted their target price on Air Canada from C$25.00 to C$29.00 in a research report on Monday. JPMorgan Chase & Co. boosted their target price on Air Canada from C$32.00 to C$34.00 in a research report on Monday. BMO Capital Markets boosted their target price on Air Canada from C$28.00 to C$29.00 in a research report on Monday. Stifel Nicolaus upgraded Air Canada from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$20.00 to C$25.50 in a research report on Monday. Finally, Cormark boosted their target price on Air Canada from C$21.75 to C$26.75 in a research report on Monday. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$25.25.

Air Canada Stock Performance

TSE:AC opened at C$23.16 on Monday. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85. Air Canada has a 52-week low of C$14.47 and a 52-week high of C$23.21. The firm has a market cap of C$8.30 billion, a price-to-earnings ratio of 5.17, a PEG ratio of 0.02 and a beta of 2.39. The business’s fifty day moving average is C$17.12 and its 200 day moving average is C$17.45.

Air Canada (TSE:AC) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.98 earnings per share (EPS) for the quarter, beating 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. Research analysts predict that Air Canada will post 2.5789474 EPS for the current year.

Insider Buying and Selling at Air Canada

In other Air Canada news, Senior Officer Christophe Hennebelle purchased 1,900 shares of the business’s stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of C$15.70 per share, for a total transaction 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.