Canaccord cuts Air Canada stock target to CAD 29.00
Published on 10/15/2026 at 21:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget and quarterly results
- Canaccord Genuity cut its Air Canada target from CAD 33.00 to CAD 29.00 on October 8, 2026.
- Second-quarter 2026 revenue reached CAD 6.30 billion, up 11.00 percent year over year.
- Air Canada stock costs EUR 14.03 at Lang & Schwarz on October 15, 2026 at 9:13 p.m. CEST.
- Air Canada will present third-quarter 2026 results on October 29, 2026.
On October 8, 2026, Canaccord Genuity cut its Air Canada target from CAD 33.00 to CAD 29.00 and kept a Hold rating, according to MarketBeat. Against the TSX price of CAD 22.39, the target lies 29.52 percent above the stock. At Lang & Schwarz, Air Canada stock was trading at EUR 14.03 on October 15, 2026 at 9:13 p.m. CEST.
Revenue grew in the second quarter
Air Canada reported operating revenue of CAD 6.30 billion in the second quarter of 2026, an 11.00 percent increase from the year-ago quarter. Adjusted earnings before interest, taxes, depreciation and amortization reached CAD 719.00 million, according to The Motley Fool Canada.
Price sits within the yearly range
The TSX quotation was CAD 22.39 at 3:18 p.m. ET on October 15, 2026, up 0.36 percent from CAD 22.31. Trading volume was 1,890,171 shares against an average of 2,798,622, while the session ranged from CAD 21.82 to CAD 22.39. The 52-week range was CAD 16.45 to CAD 31.45.
Valuation and reporting date
Air Canada had a market capitalization of CAD 5.7 billion and a P/E ratio of 15.77 on October 15, 2026. The company says its shares trade on the TSX and OTCQX, while its airline business serves more than 180 airports across Canada, the United States and international markets, according to Air Canada.
Air Canada will present its third-quarter 2026 results on October 29, 2026, with the results due before a 5:30 p.m. ET analyst conference call, according to GlobeNewswire.
Comparison with peers
Air Canada (TSX, CAD): plus 0.36 percent, P/E 15.77, market capitalization CAD 5.7 billion.
Air France-KLM (Euronext Paris, EUR): plus 1.20 percent, P/E 2.74, market capitalization EUR 2.8 billion.
Deutsche Lufthansa (Xetra, EUR): plus 2.21 percent, P/E 12.64, market capitalization EUR 8.7 billion.
Air Canada stock in euros
The airline's latest quarter combined double-digit revenue growth with CAD 719.00 million in adjusted operating earnings, while Canaccord's lower CAD 29.00 target keeps valuation expectations above the TSX quotation. The next scheduled results date is October 29, 2026.
The further course of trading is shown by the continuously updated real-time quote of Air Canada stock.
Air Canada stock facts
- Company: Air Canada
- ISIN: CA0089118776
- Ticker: AC
- Primary exchange: TSX
- Price Lang & Schwarz (as of October 15, 2026, 9:13 p.m. CEST): EUR 14.03
- Market capitalization: CAD 5.7 billion (as of October 15, 2026)
- 52-week range: CAD 16.45-CAD 31.45 (as of October 15, 2026)
- Sector / Industry: Industrials / Airlines, Airports and Air Services
Market context: Market report S&P/TSX Composite.
