TD Securities Boosts Air Canada (AC) Price Target to C$44.00

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Air Canada (TSE:AC) had its target price hoisted by TD Securities from C$35.00 to C$44.00 in a research report sent to investors on Friday morning. The brokerage currently has an action list buy rating on the stock.

AC has been the topic of several other reports. BMO Capital Markets raised their price objective on Air Canada from C$39.00 to C$42.00 in a research note on Monday, December 17th. National Bank Financial boosted their price objective on Air Canada from C$29.00 to C$32.00 and gave the company an outperform rating in a research note on Thursday, November 1st. Raymond James lifted their target price on Air Canada from C$22.50 to C$24.00 and gave the company a market perform rating in a report on Thursday, November 1st. Cowen reduced their target price on Air Canada from C$34.00 to C$33.00 in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on Air Canada from C$30.00 to C$34.00 in a report on Friday, November 2nd. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of C$35.18.

Shares of TSE AC opened at C$27.22 on Friday. The company has a debt-to-equity ratio of 146.77, a current ratio of 1.26 and a quick ratio of 1.13. Air Canada has a 1 year low of C$20.33 and a 1 year high of C$29.39.

Air Canada (TSE:AC) last announced its quarterly earnings data on Wednesday, October 31st. The company reported C$2.03 EPS for the quarter, hitting the consensus estimate of C$2.03. The company had revenue of C$5.42 billion for the quarter, compared to analyst estimates of C$5.41 billion. On average, equities research analysts predict that Air Canada will post 3.65000012068333 EPS for the current year.

In related news, insider Carolyn Hadrovic sold 3,708 shares of the stock in a transaction dated Friday, November 30th. The stock was sold at an average price of C$29.20, for a total transaction of C$108,273.60. Also, insider Arielle Meloul-Wechsler sold 2,408 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of C$26.29, for a total value of C$63,306.32. In the last three months, insiders acquired 6,900 shares of company stock worth $186,038 and sold 6,425 shares worth $179,704.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Express and Air Canada Rouge brand name 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.

Further Reading: How To Calculate Debt-to-Equity Ratio

Analyst Recommendations for Air Canada (TSE:AC)

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