Air Canada (TSE:AC) Given New C$34.00 Price Target at JPMorgan Chase & Co.

Air Canada (TSE:AC) had its target price boosted by JPMorgan Chase & Co. from C$32.00 to C$34.00 in a report published on Monday, BayStreet.CA reports.

AC has been the topic of a number of other research reports. Scotiabank boosted their target price on Air Canada from C$24.00 to C$26.50 in a research note on Monday. Jefferies Financial Group boosted their price target on Air Canada from C$16.00 to C$18.00 in a research note on Wednesday, October 2nd. 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 report on Tuesday, July 23rd. Stifel Canada upgraded shares of Air Canada to a “hold” rating in a research note on Tuesday, October 15th. Finally, TD Securities dropped their price target on shares of Air Canada from C$25.00 to C$19.00 in a research note on Wednesday, July 24th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.98.

Air Canada Trading Up 1.1 %

TSE:AC opened at C$21.74 on Monday. The stock has a market cap of C$7.79 billion, a PE ratio of 4.85, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. Air Canada has a fifty-two week low of C$14.47 and a fifty-two week high of C$21.97. The company has a debt-to-equity ratio of 1,070.99, a current ratio of 0.85 and a quick ratio of 1.06. The stock’s 50-day moving average is C$16.84 and its two-hundred day moving average is C$17.41.

Air Canada (TSE:AC) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.98 EPS for the quarter, topping 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 business had revenue of C$5.52 billion during the quarter, compared to analysts’ expectations of C$5.55 billion. As a group, equities research analysts forecast that Air Canada will post 2.5789474 earnings per share for the current fiscal year.

Insider Activity

In other Air Canada news, Senior Officer Christophe Hennebelle acquired 1,900 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average price of C$15.70 per share, with a total value of C$29,830.00. 0.14% of the stock is currently owned by company insiders.

About Air Canada

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.