Air Canada (AC) Reaches New 1-Year High at $38.74

Air Canada (TSE:AC)’s share price hit a new 52-week high on Monday . The stock traded as high as C$38.74 and last traded at C$37.98, with a volume of 2488407 shares traded. The stock had previously closed at C$36.21.

Several equities analysts recently weighed in on AC shares. Canaccord Genuity increased their price target on shares of Air Canada from C$33.00 to C$40.00 in a report on Monday, January 28th. TD Securities increased their price target on shares of Air Canada from C$44.00 to C$45.00 and gave the stock an “action list buy” rating in a report on Thursday, February 14th. CIBC increased their price target on shares of Air Canada from C$42.00 to C$46.00 in a report on Tuesday, February 19th. BMO Capital Markets raised their price objective on shares of Air Canada from C$42.00 to C$45.00 in a research note on Tuesday, February 19th. Finally, National Bank Financial raised their price objective on shares of Air Canada from C$37.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 19th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$44.45.

The company has a market capitalization of $9.80 billion and a P/E ratio of 64.67. The company has a debt-to-equity ratio of 164.94, a quick ratio of 1.08 and a current ratio of 1.24.



Air Canada (TSE:AC) last issued its quarterly earnings data on Friday, February 15th. The company reported C$0.20 EPS for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.03. The firm had revenue of C$4.25 billion for the quarter, compared to analyst estimates of C$4.20 billion. Research analysts predict that Air Canada will post 4.66000015958023 earnings per share for the current year.

In other news, Senior Officer Pierre Houle sold 1,955 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of C$35.81, for a total transaction of C$70,009.53.

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Air Canada Company Profile (TSE:AC)

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations 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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