Air Canada (TSE:AC) Price Target Raised to C$37.00 at Royal Bank Of Canada

Air Canada (TSE:AC – Get Free Report) had its target price upped by stock analysts at Royal Bank Of Canada from C$28.00 to C$37.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 21.35% from the company’s current price.

A number of other analysts have also commented on the company. JPMorgan Chase & Co. decreased their target price on Air Canada from C$27.00 to C$23.00 in a research report on Monday, May 4th. BMO Capital Markets increased their price target on Air Canada from C$30.00 to C$37.00 and gave the stock an “outperform” rating in a report on Wednesday. TD reduced their price objective on Air Canada from C$23.00 to C$21.00 in a research note on Monday, April 20th. Canaccord Genuity Group boosted their price objective on Air Canada from C$20.00 to C$26.00 and gave the company a “hold” rating in a report on Monday, July 6th. Finally, UBS Group upped their target price on Air Canada from C$24.00 to C$33.00 in a research report on Thursday. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$29.88.

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Air Canada Stock Down 0.4%

TSE:AC traded down C$0.12 during trading hours on Thursday, reaching C$30.49. The company had a trading volume of 2,359,806 shares, compared to its average volume of 2,963,073. Air Canada has a twelve month low of C$16.45 and a twelve month high of C$31.45. The company has a quick ratio of 1.05, a current ratio of 0.60 and a debt-to-equity ratio of 452.24. The firm has a market cap of C$8.75 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 0.02 and a beta of 2.02. The business’s 50-day simple moving average is C$24.12 and its two-hundred day simple moving average is C$20.97.

Air Canada (TSE:AC – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported C$0.40 earnings per share for the quarter. The firm had revenue of C$6.27 billion for the quarter. Air Canada had a net margin of 3.46% and a return on equity of 34.23%. On average, equities analysts expect that Air Canada will post 2.5789474 earnings per share for the current year.

About Air Canada

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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.

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