TD Securities Cuts Air Canada (TSE:AC) Price Target to C$33.00

Air Canada (TSE:AC) had its price objective trimmed by TD Securities from C$34.00 to C$33.00 in a report released on Friday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on AC. Royal Bank of Canada set a C$18.00 price target on shares of Air Canada and gave the stock a sector perform rating in a research note on Thursday, April 4th. Canaccord Genuity Group lifted their price objective on shares of Air Canada from C$31.00 to C$32.00 and gave the stock a buy rating in a research report on Wednesday, January 31st. CIBC dropped their target price on Air Canada from C$30.00 to C$28.00 and set an outperform rating on the stock in a report on Friday. Scotiabank cut their price target on Air Canada from C$30.00 to C$29.00 and set an outperform rating on the stock in a research note on Thursday, March 28th. Finally, BMO Capital Markets reaffirmed a buy rating and set a C$32.00 price objective on shares of Air Canada in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of C$30.12.

Air Canada Trading Up 0.1 %

TSE:AC opened at C$18.76 on Friday. Air Canada has a 12-month low of C$16.04 and a 12-month high of C$26.04. The firm has a market cap of C$6.72 billion, a PE ratio of 3.15, a price-to-earnings-growth ratio of 0.02 and a beta of 2.42. The company has a current ratio of 1.02, a quick ratio of 1.06 and a debt-to-equity ratio of 1,741.46. The stock has a fifty day moving average price of C$19.01 and a 200 day moving average price of C$18.43.

Air Canada (TSE:AC) last posted its quarterly earnings results 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 business had revenue of C$5.18 billion during the quarter, compared to the consensus estimate of C$5.05 billion. Sell-side analysts anticipate that Air Canada will post 2.9024768 earnings per share for the current fiscal year.

Insider Transactions at Air Canada

In other news, Senior Officer Mark Youssef Nasr acquired 2,406 shares of Air Canada stock in a transaction on Thursday, February 29th. The stock was bought at an average price of C$18.21 per share, for a total transaction of C$43,823.37. Insiders own 0.17% of the company’s stock.

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.