Air Canada (TSE:AC) PT Set at C$20.00 by Jefferies Financial Group

Jefferies Financial Group set a C$20.00 target price on Air Canada (TSE:ACFree Report) in a report issued on Friday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other research firms also recently weighed in on AC. JPMorgan Chase & Co. increased their target price on Air Canada from C$38.00 to C$41.00 and gave the company an overweight rating in a report on Thursday, February 22nd. BMO Capital Markets reiterated a buy rating and issued a C$32.00 price objective on shares of Air Canada in a research note on Tuesday, February 20th. National Bankshares cut their target price on shares of Air Canada from C$31.00 to C$30.00 and set an outperform rating for the company in a research report on Friday, May 3rd. TD Securities decreased their price target on shares of Air Canada from C$34.00 to C$33.00 and set a buy rating on the stock in a research report on Friday, May 3rd. Finally, Scotiabank dropped their price target on shares of Air Canada from C$30.00 to C$29.00 and set an outperform rating on the stock in a research note on Thursday, March 28th. 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.com, the stock currently has an average rating of Moderate Buy and a consensus price target of C$29.39.

Get Our Latest Stock Analysis on Air Canada

Air Canada Stock Up 0.3 %

AC opened at C$17.22 on Friday. The stock has a market capitalization of C$6.17 billion, a price-to-earnings ratio of 2.98, a PEG ratio of 0.02 and a beta of 2.40. The firm has a 50 day moving average price of C$18.71 and a 200-day moving average price of C$18.59. Air Canada has a twelve month low of C$16.04 and a twelve month high of C$26.04. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,767.66.

Air Canada (TSE:ACGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported C($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.15) by C($0.12). The business had revenue of C$5.23 billion for the quarter, compared to analyst estimates of C$5.13 billion. Equities research analysts forecast that Air Canada will post 3.1906412 earnings per share for the current year.

Air Canada Company Profile

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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.

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