National Bankshares Cuts Air Canada (TSE:AC) Price Target to C$30.00

Air Canada (TSE:AC) had its target price reduced by National Bankshares from C$31.00 to C$30.00 in a report issued on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

AC has been the subject of a number of other reports. BMO Capital Markets reiterated a buy rating and set a C$32.00 price target on shares of Air Canada in a research report on Tuesday, February 20th. Royal Bank of Canada set a C$18.00 target price on shares of Air Canada and gave the company a sector perform rating in a report on Thursday, April 4th. CIBC decreased their price target on Air Canada from C$30.00 to C$28.00 and set an outperform rating on the stock in a research note on Friday. ATB Capital lowered their price target on Air Canada from C$33.00 to C$32.00 and set an outperform rating for the company in a research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. boosted their price objective 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. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Air Canada currently has an average rating of Moderate Buy and an average price target of C$30.12.

Air Canada Price Performance

AC stock opened at C$18.76 on Friday. Air Canada has a 52-week low of C$16.04 and a 52-week high of C$26.04. The company has a quick ratio of 1.06, a current ratio of 1.02 and a debt-to-equity ratio of 1,741.46. The stock has a market cap of C$6.72 billion, a price-to-earnings ratio of 3.15, a price-to-earnings-growth ratio of 0.02 and a beta of 2.42. The business has a fifty day moving average of C$19.01 and a two-hundred day moving average of C$18.43.

Air Canada (TSE:AC) last issued its quarterly earnings data on Friday, February 16th. The company reported C($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.07). The company had revenue of C$5.18 billion during the quarter, compared to analysts’ expectations of C$5.05 billion. As a group, research analysts anticipate that Air Canada will post 2.9024768 earnings per share for the current year.

Insiders Place Their Bets

In other news, Senior Officer Mark Youssef Nasr bought 2,406 shares of Air Canada stock in a transaction that occurred on Thursday, February 29th. The shares were purchased at an average price of C$18.21 per share, with a total value of C$43,823.37. 0.17% of the stock is owned by company insiders.

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.