Air Canada (TSE:AC) Given New C$25.00 Price Target at TD Cowen

Air Canada (TSE:AC) had its price objective lifted by TD Cowen to C$25.00 in a research note issued to investors on Wednesday, Stock Target Advisor reports. They currently have a buy rating on the stock.

AC has been the subject of several other reports. CIBC boosted their price target on Air Canada from C$25.00 to C$27.00 in a research report on Monday. Stifel Nicolaus upgraded shares of Air Canada from a “hold” rating to a “buy” rating and increased their price objective for the company from C$20.00 to C$25.50 in a report on Monday. TD Securities lowered their target price on Air Canada from C$25.00 to C$19.00 in a report on Wednesday, July 24th. ATB Capital increased their price target on Air Canada from C$26.50 to C$28.00 in a report on Monday. Finally, National Bankshares upped their target price on Air Canada from C$22.00 to C$27.00 in a report on Monday. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.25.

Air Canada Price Performance

AC opened at C$23.16 on Wednesday. The stock has a market capitalization of C$8.30 billion, a P/E ratio of 5.17, a PEG 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. Air Canada has a 12-month low of C$14.47 and a 12-month high of C$23.21. The stock has a 50-day moving average price of C$17.12 and a 200-day moving average price of C$17.45.

Air Canada (TSE:AC) last released its earnings results on Wednesday, August 7th. The company reported C$0.98 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of C$5.52 billion during the quarter, compared to analysts’ expectations of C$5.55 billion. Equities analysts predict that Air Canada will post 2.5789474 earnings per share for the current fiscal year.

Insider Activity at Air Canada

In related news, Senior Officer Christophe Hennebelle purchased 1,900 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average price of C$15.70 per share, with a total value of C$29,830.00. 0.14% of the stock is currently owned by corporate insiders.

Air Canada Company Profile

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.