Air Canada (TSE:AC) PT Lowered to C$21.00 at Scotiabank

Air Canada (TSE:AC) had its price objective cut by Scotiabank from C$27.00 to C$21.00 in a research note published on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts also recently weighed in on AC. BMO Capital Markets lowered their price objective on shares of Air Canada from C$33.00 to C$28.00 and set an outperform rating on the stock in a research report on Wednesday. Royal Bank of Canada reduced their price objective on shares of Air Canada from C$18.00 to C$17.00 and set a sector perform rating for the company in a research note on Tuesday, July 23rd. National Bankshares dropped their price objective on shares of Air Canada from C$28.00 to C$24.00 and set an outperform rating for the company in a research note on Monday, July 22nd. Raymond James dropped their price target on shares of Air Canada from C$28.00 to C$22.00 and set an outperform rating for the company in a research note on Tuesday, July 23rd. Finally, TD Securities dropped their price target on shares of Air Canada from C$33.00 to C$25.00 and set a buy rating for the company in a research note on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of C$25.52.

Air Canada Trading Up 0.1 %

TSE:AC opened at C$16.16 on Wednesday. Air Canada has a one year low of C$15.93 and a one year high of C$24.76. The company has a debt-to-equity ratio of 1,767.66, a current ratio of 0.85 and a quick ratio of 1.06. The company’s 50-day simple moving average is C$17.52 and its 200 day simple moving average is C$18.34. The firm has a market capitalization of C$5.79 billion, a P/E ratio of 2.80, a PEG ratio of 0.02 and a beta of 2.40.

Air Canada (TSE:AC) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C($0.27) EPS for the quarter, missing the consensus estimate of C($0.15) by C($0.12). The company had revenue of C$5.23 billion for the quarter, compared to analyst estimates of C$5.13 billion. As a group, analysts forecast that Air Canada will post 3.1906412 EPS for the current fiscal 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.