Air Canada (TSE:AC) Price Target Cut to C$28.00 by Analysts at ATB Capital

Air Canada (TSE:AC) had its target price cut by ATB Capital from C$33.00 to C$28.00 in a report issued on Tuesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

AC has been the topic of a number of other reports. BMO Capital Markets dropped their target price on shares of Air Canada from C$32.00 to C$30.00 and set an outperform rating on the stock in a report on Thursday, July 18th. CIBC decreased their price target on shares of Air Canada from C$28.00 to C$25.00 and set an outperform rating on the stock in a research note on Tuesday. Jefferies Financial Group decreased their price target on shares of Air Canada from C$20.00 to C$19.00 in a research note on Thursday, June 20th. TD Securities decreased their price target on shares of Air Canada from C$33.00 to C$25.00 and set a buy rating on the stock in a research note on Wednesday, July 17th. Finally, Royal Bank of Canada reiterated a sector perform rating and issued a C$18.00 price target on shares of Air Canada in a research note on Friday, July 5th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of C$25.52.

Air Canada Stock Up 0.7 %

Shares of AC stock opened at C$16.15 on Tuesday. The company has a debt-to-equity ratio of 1,767.66, a quick ratio of 1.06 and a current ratio of 0.85. The firm’s 50-day moving average is C$17.57 and its 200-day moving average is C$18.37. The stock has a market cap of C$5.79 billion, a price-to-earnings ratio of 2.80, a PEG ratio of 0.02 and a beta of 2.40. Air Canada has a 52-week low of C$15.93 and a 52-week high of C$24.94.

Air Canada (TSE:AC) last issued its earnings results on Thursday, May 2nd. The company reported C($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.15) by C($0.12). The firm had revenue of C$5.23 billion for the quarter, compared to the consensus estimate of C$5.13 billion. Sell-side analysts predict that Air Canada will post 3.1906412 EPS for the current year.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names 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.