Air Canada (TSE:AC) PT Lowered to C$17.00 at Royal Bank of Canada

Air Canada (TSE:AC) had its target price lowered by Royal Bank of Canada from C$18.00 to C$17.00 in a report released on Tuesday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Several other brokerages have also commented on AC. CIBC cut their price target on shares of Air Canada from C$28.00 to C$25.00 and set an outperform rating on the stock in a research note on Tuesday. BMO Capital Markets lowered their price objective on shares of Air Canada from C$32.00 to C$30.00 and set an outperform rating on the stock in a research report on Thursday, July 18th. National Bankshares lowered their target price on shares of Air Canada from C$28.00 to C$24.00 and set an outperform rating on the stock in a report on Monday. ATB Capital lowered their target price on shares of Air Canada from C$33.00 to C$28.00 and set an outperform rating on the stock in a report on Tuesday. Finally, TD Securities reduced their price objective 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 investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Air Canada presently has a consensus rating of Moderate Buy and a consensus target price of C$25.52.

Air Canada Price Performance

Air Canada stock opened at C$16.15 on Tuesday. The firm has a market cap of C$5.79 billion, a PE ratio of 2.80, a price-to-earnings-growth ratio of 0.02 and a beta of 2.40. Air Canada has a 52-week low of C$15.93 and a 52-week high of C$24.94. 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. The company’s 50 day moving average is C$17.57 and its two-hundred day moving average is C$18.37.

Air Canada (TSE:AC) last announced its quarterly earnings data 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 firm had revenue of C$5.23 billion for the quarter, compared to analyst estimates of C$5.13 billion. On average, research analysts expect 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.