Air Canada (TSE:AC) Price Target Raised to C$47.00

Air Canada (TSE:AC) had its price target raised by Cowen from C$46.00 to C$47.00 in a research report released on Tuesday, BayStreet.CA reports.

AC has been the subject of a number of other reports. Royal Bank of Canada restated a hold rating and issued a $0.35 price objective on shares of DB Commodity Double Short ETN in a report on Friday, July 12th. TD Securities decreased their target price on shares of Transcontinental from C$25.00 to C$22.00 and set a buy rating for the company in a research note on Friday, June 7th. Raymond James decreased their target price on shares of Adaptimmune Therapeutics from $16.00 to $6.00 and set an outperform rating for the company in a research note on Tuesday, May 7th. National Bank Financial upgraded shares of Slate Office REIT from a sector perform under weight rating to an outperfrom under weight rating in a research note on Tuesday, May 7th. Finally, Cormark reiterated a market perform rating and set a C$21.00 target price on shares of WestJet Airlines in a research note on Tuesday, March 19th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Air Canada currently has an average rating of Buy and an average price target of C$46.27.

Shares of TSE AC opened at C$44.21 on Tuesday. Air Canada has a twelve month low of C$21.79 and a twelve month high of C$45.50. The stock has a market cap of $11.74 billion and a price-to-earnings ratio of 17.14. The stock has a 50 day moving average price of C$40.55. The company has a debt-to-equity ratio of 294.80, a quick ratio of 0.85 and a current ratio of 0.93.

Air Canada (TSE:AC) last announced its quarterly earnings data on Monday, May 6th. The company reported C$0.06 earnings per share for the quarter, topping analysts’ consensus estimates of C($0.18) by C$0.24. The firm had revenue of C$4.45 billion during the quarter, compared to analysts’ expectations of C$4.38 billion. Equities research analysts predict that Air Canada will post 4.5700004 earnings per share for the current year.

In other Air Canada news, Senior Officer Pierre Houle sold 1,955 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of C$35.81, for a total transaction of C$70,009.53.

About Air Canada

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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Analyst Recommendations for Air Canada (TSE:AC)

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