Air Canada (TSE:AC) had its price target lifted by equities research analysts at National Bank Financial from C$32.00 to C$37.00 in a report released on Friday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 36.33% from the stock’s current price.

Several other research firms have also recently weighed in on AC. JPMorgan Chase & Co. increased their price objective on Air Canada from C$30.00 to C$34.00 in a report on Friday, November 2nd. BMO Capital Markets raised their target price on Air Canada from C$39.00 to C$42.00 in a research note on Monday, December 17th. Cowen lowered their target price on Air Canada from C$34.00 to C$33.00 in a research note on Thursday. TD Securities raised their target price on Air Canada from C$35.00 to C$44.00 and gave the company an “action list buy” rating in a research note on Friday. Finally, Raymond James raised their target price on Air Canada from C$22.50 to C$24.00 and gave the company a “market perform” rating in a research note on Thursday, November 1st. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Air Canada presently has a consensus rating of “Buy” and an average target price of C$35.18.

AC stock traded up C$0.60 during trading on Friday, hitting C$27.14. 1,160,410 shares of the company traded hands, compared to its average volume of 1,040,386. Air Canada has a 1 year low of C$20.33 and a 1 year high of C$29.39. The company has a debt-to-equity ratio of 146.77, a quick ratio of 1.13 and a current ratio of 1.26.

Air Canada (TSE:AC) last issued its earnings results on Wednesday, October 31st. The company reported C$2.03 earnings per share for the quarter, meeting the consensus estimate of C$2.03. The company had revenue of C$5.42 billion for the quarter, compared to analysts’ expectations of C$5.41 billion. As a group, equities analysts anticipate that Air Canada will post 3.58595387128198 EPS for the current year.

In other Air Canada news, insider Murray Douglas Strom purchased 2,200 shares of Air Canada stock in a transaction dated Friday, December 7th. The shares were acquired at an average cost of C$27.29 per share, with a total value of C$60,038.00. Also, insider Carolyn Hadrovic sold 3,708 shares of the company’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of C$29.20, for a total value of C$108,273.60. In the last ninety days, insiders have bought 6,900 shares of company stock worth $186,038 and have 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: Technical Analysis of Stocks and What It Means

Analyst Recommendations for Air Canada (TSE:AC)

Receive News & Ratings for Air Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Canada and related companies with MarketBeat.com's FREE daily email newsletter.