BMO Capital Markets Cuts Air Canada (TSE:AC) Price Target to C$28.00

Air Canada (TSE:AC) had its price objective lowered by BMO Capital Markets from C$33.00 to C$28.00 in a research note released on Wednesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also recently commented on AC. CIBC decreased their target price on shares of Air Canada from C$28.00 to C$25.00 and set an outperform rating on the stock in a research report on Tuesday. TD Securities decreased their price objective on shares of Air Canada from C$33.00 to C$25.00 and set a buy rating on the stock in a report on Wednesday, July 17th. Raymond James lowered their price objective on shares of Air Canada from C$28.00 to C$22.00 and set an outperform rating for the company in a research report on Tuesday. ATB Capital cut their target price on Air Canada from C$33.00 to C$28.00 and set an outperform rating on the stock in a research report on Tuesday. Finally, National Bankshares lowered their price target on Air Canada from C$28.00 to C$24.00 and set an outperform rating for the company in a research report on Monday, July 22nd. Two 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 company currently has a consensus rating of Moderate Buy and an average target price of C$25.52.

Air Canada Stock Up 0.1 %

AC stock opened at C$16.16 on Wednesday. The firm has a market cap of C$5.79 billion, a PE ratio of 2.80, a PEG ratio of 0.02 and a beta of 2.40. Air Canada has a one year low of C$15.93 and a one year high of C$24.76. The company has a debt-to-equity ratio of 1,767.66, a quick ratio of 1.06 and a current ratio of 0.85. The firm’s 50 day moving average price is C$17.52 and its 200-day moving average price is C$18.35.

Air Canada (TSE:AC) last posted its earnings results on Thursday, May 2nd. The company reported C($0.27) EPS for the quarter, missing analysts’ consensus estimates of C($0.15) by C($0.12). The business had revenue of C$5.23 billion during the quarter, compared to the consensus estimate of C$5.13 billion. On average, equities research analysts anticipate that Air Canada will post 3.1906412 EPS for the current year.

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.