National Bankshares Trims Air Canada (TSE:AC) Target Price to C$22.00

Air Canada (TSE:AC) had its price target cut by National Bankshares from C$24.00 to C$22.00 in a research note published on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

AC has been the subject of several other reports. ATB Capital decreased their target price on Air Canada from C$27.00 to C$26.50 and set an outperform rating for the company in a research report on Tuesday, September 10th. BMO Capital Markets decreased their target price on Air Canada from C$33.00 to C$28.00 and set an outperform rating for the company in a research report on Wednesday, July 24th. Citigroup cut their price target on Air Canada from C$25.00 to C$21.00 and set a buy rating on the stock in a research note on Wednesday, July 31st. Cormark cut their price target on Air Canada from C$25.50 to C$21.25 in a research note on Tuesday, July 23rd. Finally, Jefferies Financial Group cut their price target on Air Canada from C$19.00 to C$16.00 and set a hold rating on the stock in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Air Canada presently has a consensus rating of Moderate Buy and an average target price of C$23.60.

Air Canada Stock Down 0.9 %

TSE:AC opened at C$16.52 on Wednesday. Air Canada has a twelve month low of C$14.47 and a twelve month high of C$20.47. The company has a market cap of C$5.92 billion, a price-to-earnings ratio of 3.69, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The stock has a fifty day simple moving average of C$15.82 and a 200-day simple moving average of C$17.55. 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.

Air Canada (TSE:AC) last released its earnings results on Wednesday, August 7th. The company reported C$0.98 earnings per share for the quarter, topping the consensus estimate of C$0.85 by C$0.13. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. The business had revenue of C$5.52 billion during the quarter, compared to the consensus estimate of C$5.55 billion. Analysts anticipate that Air Canada will post 2.8336192 EPS for the current year.

Insider Buying and Selling at Air Canada

In related 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 price of C$15.70 per share, for a total transaction of C$29,830.00. 0.14% of the stock is owned by 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.