Air Canada (TSE:AC) Given New C$25.00 Price Target at TD Cowen

Air Canada (TSE:AC) had its target price lifted by TD Cowen to C$25.00 in a report released on Wednesday morning, Stock Target Advisor reports. TD Cowen currently has a buy rating on the stock.

AC has been the subject of several other reports. Jefferies Financial Group boosted their price objective on Air Canada from C$18.00 to C$22.00 in a report on Tuesday. Scotiabank increased their price objective on Air Canada from C$24.00 to C$26.50 in a report on Monday. Canaccord Genuity Group upped their price target on Air Canada from C$25.00 to C$29.00 in a research report on Monday. Raymond James lowered their price objective on Air Canada from C$28.00 to C$22.00 and set an “outperform” rating for the company in a research report on Tuesday, July 23rd. Finally, Stifel Canada raised shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Sunday. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Air Canada presently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.25.

Air Canada Stock Performance

Shares of AC opened at C$23.16 on Wednesday. Air Canada has a 52 week low of C$14.47 and a 52 week high of C$23.21. 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 company has a market capitalization of C$8.30 billion, a PE ratio of 5.17, a PEG ratio of 0.02 and a beta of 2.39. The company’s 50 day moving average price is C$17.12 and its 200 day moving average price is C$17.45.

Air Canada (TSE:AC) last posted its earnings results on Wednesday, August 7th. The company reported C$0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.85 by C$0.13. The firm had revenue of C$5.52 billion during the quarter, compared to analysts’ expectations of C$5.55 billion. Air Canada had a net margin of 7.92% and a return on equity of 603.77%. Research analysts expect that Air Canada will post 2.5789474 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Christophe Hennebelle acquired 1,900 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was purchased at an average price of C$15.70 per share, for a total transaction of C$29,830.00. Insiders own 0.14% of the company’s stock.

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.