Air Canada (AC) Price Target Cut to C$33.00

Air Canada (TSE:AC) had its price objective cut by Cowen from C$34.00 to C$33.00 in a research report report published on Thursday morning.

AC has been the topic of several other reports. JPMorgan Chase & Co. boosted their target price on shares of Air Canada from C$30.00 to C$34.00 in a report on Friday, November 2nd. BMO Capital Markets boosted their target price on shares of Air Canada from C$39.00 to C$42.00 in a report on Monday, December 17th. National Bank Financial upped their price objective on shares of Air Canada from C$29.00 to C$32.00 and gave the stock an outperform rating in a report on Thursday, November 1st. Finally, Raymond James upped their price objective on shares of Air Canada from C$22.50 to C$24.00 and gave the stock a market perform rating in a report on Thursday, November 1st. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of C$35.18.

Shares of AC stock traded up C$0.68 on Thursday, reaching C$27.22. 1,735,924 shares of the company were exchanged, compared to its average volume of 1,127,224. The company has a debt-to-equity ratio of 146.77, a current ratio of 1.26 and a quick ratio of 1.13. Air Canada has a 1 year low of C$20.33 and a 1 year high of C$29.39.

Air Canada (TSE:AC) last posted its quarterly earnings results on Wednesday, October 31st. The company reported C$2.03 earnings per share for the quarter, hitting analysts’ consensus estimates of C$2.03. The business had revenue of C$5.42 billion for the quarter, compared to analyst estimates of C$5.41 billion. On average, analysts predict that Air Canada will post 3.58595387128198 EPS for the current fiscal year.

In other Air Canada news, Director Christie James Beckett Clark bought 3,700 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The shares were purchased at an average cost of C$26.60 per share, with a total value of C$98,420.00. Also, insider Arielle Meloul-Wechsler sold 2,408 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of C$26.29, for a total transaction of C$63,306.32. Over the last ninety days, insiders have purchased 6,900 shares of company stock worth $186,038 and have sold 6,425 shares worth $179,704.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Express 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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Analyst Recommendations for Air Canada (TSE:AC)

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