Air Canada (TSE:AC - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as C$21.97 and last traded at C$21.72, with a volume of 1010124 shares traded. The stock had previously closed at C$21.51.
Analysts Set New Price Targets
A number of research firms have issued reports on AC. BMO Capital Markets upped their target price on shares of Air Canada from C$28.00 to C$29.00 in a research report on Monday. Scotiabank upped their price objective on shares of Air Canada from C$24.00 to C$26.50 in a report on Monday. Jefferies Financial Group upped their price objective on shares of Air Canada from C$16.00 to C$18.00 in a research report on Wednesday, October 2nd. Stifel Canada raised Air Canada to a "hold" rating in a research note on Tuesday, October 15th. Finally, CIBC increased their target price on shares of Air Canada from C$25.00 to C$27.00 in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$24.98.
Read Our Latest Research Report on AC
Air Canada Trading Up 1.1 %
The company has a debt-to-equity ratio of 1,070.99, a current ratio of 0.85 and a quick ratio of 1.06. The company has a fifty day moving average of C$16.84 and a 200-day moving average of C$17.41. The firm has a market capitalization of C$7.79 billion, a PE ratio of 4.85, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39.
Air Canada (TSE:AC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.85 by C$0.13. The firm had revenue of C$5.52 billion during the quarter, compared to the consensus estimate of C$5.55 billion. Air Canada had a net margin of 7.92% and a return on equity of 603.77%. On average, sell-side analysts anticipate that Air Canada will post 2.5789474 earnings per share for the current fiscal year.
Insider Transactions at Air Canada
In other news, Senior Officer Christophe Hennebelle bought 1,900 shares of the firm's stock in a transaction on Friday, August 9th. The shares were purchased at an average cost of C$15.70 per share, with a total value of C$29,830.00. 0.14% of the stock is currently owned by insiders.
About Air Canada
(
Get Free Report)
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.
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