National Bank Financial Increases Air Canada (AC) Price Target to C$44.00

Air Canada (TSE:AC) had its price objective raised by National Bank Financial from C$39.00 to C$44.00 in a report published on Saturday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for Air Canada’s FY2020 earnings at $3.41 EPS.

A number of other analysts have also weighed in on AC. Cormark reissued a buy rating and issued a C$47.00 price target on shares of Air Canada in a report on Tuesday, March 19th. Morgan Stanley set a C$46.00 target price on shares of Air Canada and gave the stock an overweight rating in a report on Friday, April 5th. Cowen lifted their target price on shares of Air Canada from C$33.00 to C$39.00 in a report on Tuesday, February 26th. CIBC lifted their target price on shares of Air Canada from C$42.00 to C$46.00 in a report on Tuesday, February 19th. Finally, TD Securities lifted their target price 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. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of C$41.91.

Shares of Air Canada stock opened at C$31.66 on Friday. The company has a debt-to-equity ratio of 164.94, a current ratio of 1.24 and a quick ratio of 1.08. The company has a market capitalization of $8.57 billion and a P/E ratio of 52.77. Air Canada has a fifty-two week low of C$20.33 and a fifty-two week high of C$35.50.

Air Canada (TSE:AC) last issued its quarterly earnings results on Friday, February 15th. The company reported C$0.20 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.03. The company had revenue of C$4.25 billion during the quarter, compared to analyst estimates of C$4.20 billion. Equities analysts predict that Air Canada will post 4.77849980551431 earnings per share for the current fiscal year.

Air Canada Company Profile

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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