Jefferies Financial Group Increases Air Canada (TSE:AC) Price Target to C$18.00

Air Canada (TSE:AC) had its price target upped by research analysts at Jefferies Financial Group from C$16.00 to C$18.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Jefferies Financial Group’s target price points to a potential upside of 10.70% from the company’s previous close.

Several other brokerages also recently issued reports on AC. National Bankshares reduced their price objective on Air Canada from C$24.00 to C$22.00 and set an “outperform” rating for the company in a research report on Wednesday, September 25th. BMO Capital Markets reduced their price target on Air Canada from C$33.00 to C$28.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. JPMorgan Chase & Co. lowered their price target on Air Canada from C$41.00 to C$36.00 in a report on Thursday, August 8th. Royal Bank of Canada cut their price objective on shares of Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 23rd. Finally, Scotiabank decreased their target price on shares of Air Canada from C$27.00 to C$21.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$23.75.

Air Canada Stock Performance

AC stock opened at C$16.26 on Wednesday. Air Canada has a 1 year low of C$14.47 and a 1 year high of C$20.47. The stock has a market capitalization of C$5.83 billion, a price-to-earnings ratio of 3.63, a PEG ratio of 0.02 and a beta of 2.39. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85. The stock’s fifty day moving average is C$15.73 and its two-hundred day moving average is C$17.50.

Air Canada (TSE:AC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.98 earnings per share for the quarter, beating the consensus estimate of C$0.85 by C$0.13. Air Canada had a net margin of 7.92% and a return on equity of 603.77%. The firm had revenue of C$5.52 billion for the quarter, compared to the consensus estimate of C$5.55 billion. On average, research analysts predict that Air Canada will post 2.8191126 EPS for the current year.

Insider Buying and Selling at Air Canada

In other Air Canada news, Senior Officer Christophe Hennebelle bought 1,900 shares of Air Canada stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of C$15.70 per share, for a total transaction of C$29,830.00. 0.14% of the stock is owned by corporate insiders.

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.