Air Canada (TSE:AC – Get Free Report) shares reached a new 52-week low during trading on Wednesday after TD Securities lowered their price target on the stock from C$25.00 to C$19.00. The stock traded as low as C$16.03 and last traded at C$16.12, with a volume of 1761324 shares. The stock had previously closed at C$16.43.
A number of other equities research analysts also recently weighed in on the company. Scotiabank dropped their price objective on Air Canada from C$27.00 to C$21.00 and set an “outperform” rating on the stock in a research report on Wednesday. Jefferies Financial Group lowered their target price on shares of Air Canada from C$20.00 to C$19.00 in a research note on Thursday, June 20th. BMO Capital Markets reduced their price target on Air Canada from C$33.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Wednesday. Raymond James dropped their target price on Air Canada from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Cormark decreased their price target on Air Canada from C$25.50 to C$21.25 in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$25.52.
Air Canada Price Performance
The firm has a market capitalization of C$5.75 billion, a price-to-earnings ratio of 2.79, a PEG ratio of 0.02 and a beta of 2.40. The company has a debt-to-equity ratio of 1,767.66, a current ratio of 0.85 and a quick ratio of 1.06. The stock has a 50 day moving average price of C$17.67 and a two-hundred day moving average price of C$18.40.
Air Canada (TSE:AC – Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.15) by C($0.12). The firm had revenue of C$5.23 billion during the quarter, compared to analyst estimates of C$5.13 billion. As a group, analysts expect 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.