Air Canada (TSE:AC) Given a C$20.00 Price Target at Stifel Nicolaus

Stifel Nicolaus set a C$20.00 price target on Air Canada (TSE:AC) in a research report report published on Wednesday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other analysts have also recently weighed in on the stock. National Bankshares dropped their price objective on shares of Air Canada from C$24.00 to C$22.00 and set an “outperform” rating on the stock in a report on Wednesday, September 25th. BMO Capital Markets dropped their price target on shares of Air Canada from C$33.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Royal Bank of Canada reduced their price objective on Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 23rd. CIBC lowered their target price on Air Canada from C$28.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 23rd. Finally, Citigroup boosted their price target on Air Canada from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Air Canada presently has an average rating of “Moderate Buy” and a consensus price target of C$23.70.

Air Canada Price Performance

Shares of AC opened at C$17.98 on Wednesday. Air Canada has a 52 week low of C$14.47 and a 52 week high of C$20.47. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99. The firm has a market cap of C$6.45 billion, a price-to-earnings ratio of 4.01, a PEG ratio of 0.02 and a beta of 2.39. The stock has a 50 day moving average of C$15.87 and a 200-day moving average of C$17.42.

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

Insider Transactions at Air Canada

In other news, Senior Officer Christophe Hennebelle bought 1,900 shares of the business’s stock in a transaction on Friday, August 9th. The shares were bought at an average cost of C$15.70 per share, with a total value of C$29,830.00. 0.14% of the stock is currently owned by 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.