Air Canada (TSE:AC – Get Free Report) had its price target hoisted by equities researchers at Canadian Imperial Bank of Commerce from C$26.00 to C$40.00 in a note issued to investors on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price indicates a potential upside of 34.50% from the stock’s current price.
A number of other research firms have also weighed in on AC. Stifel Nicolaus increased their price objective on shares of Air Canada from C$25.50 to C$30.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. ATB Cormark Capital Markets increased their price target on Air Canada from C$32.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Thursday. Scotiabank upgraded Air Canada from a “hold” rating to a “sector outperform” rating and lifted their price objective for the company from C$26.00 to C$33.50 in a research note on Tuesday. UBS Group boosted their price objective on Air Canada from C$24.00 to C$33.00 in a report on Thursday. Finally, Royal Bank Of Canada upped their target price on Air Canada from C$28.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Thursday. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Air Canada has an average rating of “Moderate Buy” and a consensus target price of C$31.27.
Check Out Our Latest Stock Report on AC
Air Canada Stock Performance
Air Canada (TSE:AC – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.40 earnings per share (EPS) for the quarter. Air Canada had a net margin of 3.46% and a return on equity of 34.23%. The company had revenue of C$6.27 billion during the quarter. Analysts anticipate that Air Canada will post 2.5789474 earnings per share for the current fiscal year.
Air Canada News Roundup
Here are the key news stories impacting Air Canada this week:
- Positive Sentiment: Multiple analysts raised their targets: ATB Cormark increased its target to C$45 and assigned an “outperform” rating, National Bank raised its target to C$40 with an “outperform” rating, and RBC lifted its target to C$37 with the same rating. The revisions suggest improving confidence in Air Canada’s earnings outlook and potential for further appreciation. BayStreet analyst ratings
- Positive Sentiment: UBS also raised its Air Canada price target from C$24 to C$33, adding to the increasingly constructive analyst consensus. BayStreet analyst ratings
- Positive Sentiment: BMO Capital Markets is forecasting strong price appreciation for AC stock, reinforcing the bullish analyst view. BMO Capital Markets Air Canada forecast
- Positive Sentiment: Scotiabank upgraded its rating on Air Canada, another signal that sentiment among Canadian bank analysts is improving. Scotiabank Air Canada rating upgrade
- Neutral Sentiment: The latest earnings-call coverage follows Air Canada’s second-quarter report, which included C$6.27 billion in revenue and C$0.40 in earnings per share. Investors are likely assessing management’s outlook and operating trends for the remainder of 2026. Air Canada Q2 2026 earnings call transcript
- Negative Sentiment: Air Canada’s high financial leverage remains a risk: its debt-to-equity ratio is reported at roughly 452%, while its current ratio is below 1. These balance-sheet concerns could limit the stock’s response if travel demand, margins, or cash flow weaken.
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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