Scotiabank upgraded shares of Air Canada (TSE:AC – Free Report) from a hold rating to a sector outperform rating in a research note published on Tuesday morning, MarketBeat reports. The brokerage currently has C$33.50 price objective on the stock, up from their prior price objective of C$26.00.
Several other brokerages have also recently issued reports on AC. Royal Bank Of Canada boosted their price objective on Air Canada from C$22.00 to C$28.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Stifel Nicolaus raised their target price on Air Canada from C$25.50 to C$30.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. reduced their price target on Air Canada from C$27.00 to C$23.00 in a research report on Monday, May 4th. BMO Capital Markets boosted their price target on Air Canada from C$26.00 to C$30.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Finally, National Bank Financial upgraded Air Canada from a “hold” rating to an “outperform” rating and upped their price objective for the stock from C$22.00 to C$29.00 in a research report on Tuesday, July 7th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$29.88.
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Air Canada Trading Down 0.7%
Air Canada (TSE:AC – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.40 EPS for the quarter. The company 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%. Equities research analysts predict that Air Canada will post 2.5789474 earnings per share for the current year.
More Air Canada News
Here are the key news stories impacting Air Canada this week:
- Positive Sentiment: Analysts raised their price targets across the board. UBS lifted its target to C$33, while RBC raised its target to C$37 and National Bank Financial increased its target to C$40; both RBC and National Bank Financial assigned “outperform” ratings. BayStreet.CA analyst ratings
- Positive Sentiment: ATB Cormark delivered the most bullish revision, lifting its target from C$32 to C$45 and assigning an “outperform” rating, implying substantial potential upside based on the reference price. BayStreet.CA analyst ratings
- Positive Sentiment: BMO Capital Markets also raised its target to C$37 and upgraded the stock to “outperform,” reinforcing the improving sell-side view of Air Canada’s outlook. BayStreet.CA analyst ratings
- Positive Sentiment: Scotiabank upgraded its rating on Air Canada, adding another favorable analyst signal. Scotiabank upgrades Air Canada
- Neutral Sentiment: The Q2 2026 earnings-call transcript provides further detail on management’s outlook and operating priorities, but the supplied report does not specify a new forecast change or material surprise. Air Canada Q2 2026 earnings call transcript
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.
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