Air Canada (TSE:AC) Given New C$22.00 Price Target at Jefferies Financial Group

Air Canada (TSE:AC - Free Report) had its target price increased by Jefferies Financial Group from C$18.00 to C$22.00 in a report released on Tuesday, BayStreet.CA reports.

AC has been the subject of a number of other research reports. Cormark boosted their price objective on Air Canada from C$21.75 to C$26.75 in a research report on Monday. BMO Capital Markets lifted their target price on Air Canada from C$28.00 to C$29.00 in a research note on Monday. JPMorgan Chase & Co. lifted their target price on Air Canada from C$32.00 to C$34.00 in a research note on Monday. Royal Bank of Canada cut their target price on Air Canada from C$18.00 to C$17.00 and set a "sector perform" rating on the stock in a research note on Tuesday, July 23rd. Finally, ATB Capital lifted their target price on Air Canada from C$26.50 to C$28.00 in a research note on Monday. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Air Canada currently has an average rating of "Moderate Buy" and an average target price of C$25.27.

Air Canada Stock Up 2.0 %

TSE AC traded up C$0.44 during mid-day trading on Tuesday, reaching C$22.18. 4,745,689 shares of the company's stock traded hands, compared to its average volume of 2,354,421. Air Canada has a 1-year low of C$14.47 and a 1-year high of C$22.25. The company has a fifty day simple moving average of C$16.97 and a 200-day simple moving average of C$17.42. 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 company has a market cap of C$7.95 billion, a price-to-earnings ratio of 4.95, a P/E/G ratio of 0.02 and a beta of 2.39.

Air Canada (TSE:AC - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported C$0.98 EPS for the quarter, topping the consensus estimate of C$0.85 by C$0.13. The company had revenue of C$5.52 billion during the quarter, compared to analyst estimates of C$5.55 billion. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. As a group, equities research analysts expect that Air Canada will post 2.5789474 EPS for the current year.

Insider Activity

In other news, Senior Officer Christophe Hennebelle bought 1,900 shares of the stock in a transaction on Friday, August 9th. The shares were purchased 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 currently owned by corporate 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.