Canadian Imperial Bank of Commerce Issues Positive Forecast for Air Canada (TSE:AC) Stock Price

Air Canada (TSE:AC) had its price target lifted by Canadian Imperial Bank of Commerce from C$26.00 to C$40.00 in a report released on Friday,BayStreet.CA reports.

Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Air Canada from C$27.00 to C$23.00 in a research note on Monday, May 4th. TD cut their price objective on shares of Air Canada from C$23.00 to C$21.00 in a report on Monday, April 20th. BMO Capital Markets upped their price target on Air Canada from C$30.00 to C$37.00 and gave the company an “outperform” rating in a research note on Wednesday. National Bank Financial increased their target price on Air Canada from C$29.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Stifel Nicolaus increased their target price on shares of Air Canada from C$25.50 to C$30.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Air Canada presently has an average rating of “Moderate Buy” and an average target price of C$31.27.

Air Canada Stock Performance

Shares of AC stock opened at C$29.64 on Friday. The company has a current ratio of 0.60, a quick ratio of 1.05 and a debt-to-equity ratio of 478.10. The company has a market cap of C$8.30 billion, a PE ratio of 22.63, a PEG ratio of 0.02 and a beta of 2.02. The business’s fifty day simple moving average is C$24.46 and its 200-day simple moving average is C$21.10. Air Canada has a 12-month low of C$16.45 and a 12-month high of C$31.45.

Air Canada (TSE:AC) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C$0.40 earnings per share (EPS) for the quarter. The firm had revenue of C$6.27 billion for the quarter. Air Canada had a net margin of 1.82% and a return on equity of 16.92%. Analysts expect that Air Canada will post 2.5789474 earnings per share for the current fiscal year.

Air Canada News Summary

Here are the key news stories impacting Air Canada this week:

• Positive Sentiment: CIBC raised its Air Canada price target from C$26 to C$40, implying approximately 34% upside based on the cited share price. The revision reinforces the bullish analyst view of the airline’s earnings potential. BayStreet.CA analyst ratings
• Positive Sentiment: BMO Capital Markets also forecast strong potential appreciation for Air Canada stock, adding to the positive analyst momentum around the company. BMO Capital Markets Air Canada forecast
• Positive Sentiment: ATB Cormark raised its target from C$32 to C$45 and assigned an “outperform” rating, representing about 48% upside based on the cited price. ATB Cormark analyst rating
• Positive Sentiment: National Bank Financial increased its target from C$29 to C$40 and upgraded the stock to “outperform,” while RBC lifted its target from C$28 to C$37 and also rated Air Canada “outperform.” National Bank and RBC analyst ratings
• Positive Sentiment: UBS raised its target from C$24 to C$33, indicating continued confidence, although its implied upside is more limited than the other revised targets. UBS analyst rating
• Neutral Sentiment: Air Canada’s second-quarter 2026 earnings call transcript provides additional detail on management’s financial performance and outlook, but the supplied report does not identify a specific new catalyst. Air Canada Q2 2026 earnings call transcript
• Positive Sentiment: Scotiabank upgraded Air Canada’s stock rating, further broadening the recent wave of constructive analyst sentiment. Scotiabank Air Canada rating upgrade

About Air Canada

Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Headquartered in Montréal, Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, with more than 10 million members worldwide. Members can earn or redeem points on the world’s largest airline partner network of more than 50 airlines, plus through an extensive range of merchandise, hotel and car rental partners.