Jefferies cuts target for Air Canada stock from CAD 26 to CAD 19
Published on 10/20/2026 at 20:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- Jefferies cut its Air Canada target from CAD 26.00 to CAD 19.00 on October 19, 2026.
- Air Canada will report third-quarter 2026 results on October 29, 2026.
- Air Canada stock costs EUR 13.68 at Lang & Schwarz on October 20, 2026 at 8:12 p.m. CEST.
Air Canada (CA0089118776) faces a sharply lower analyst target after MarketBeat reported on October 19, 2026 that Jefferies cut its rating from hold to moderate sell and reduced its target from CAD 26.00 to CAD 19.00. The new target is 12.01 percent below the TSX price of CAD 21.59 at 2:19 p.m. ET on October 20, 2026. Air Canada stock was trading at EUR 13.68 at Lang & Schwarz on October 20, 2026 at 8:12 p.m. CEST.
Results date adds a near-term test
Air Canada will release its third-quarter 2026 results before a conference call on October 29, 2026. The call is scheduled for 5:30 p.m. ET, according to Air Canada. That date gives the market a defined point for testing the pressure behind Jefferies' downgrade.
Stock remains below its yearly high
The TSX price of CAD 21.59 stood inside Air Canada's CAD 16.45 to CAD 31.45 52-week range on October 20, 2026. The stock was 31.35 percent below the 52-week high and 31.25 percent above the 52-week low. Air Canada's market capitalization was CAD 5.5 billion, while its price-to-earnings ratio was 15.20.
What does the target cut mean?
Jefferies' revised target places the debate on fares, competition and fuel costs rather than on the scheduled reporting date alone. The research note cited domestic competition, a weaker Canadian consumer backdrop and rising fuel costs as risks to fare growth into 2027, as reported by Investing.com on October 19, 2026. The same report said Jefferies forecast adjusted third-quarter earnings per share of CAD 0.37, below a CAD 0.55 consensus, and 2026 adjusted EBITDA of CAD 2.7 billion, below Air Canada's guidance range of CAD 2.9 billion to CAD 3.2 billion.
Price and reporting date
The October 29 results will provide the next company-specific test for revenue, earnings and the airline's cost outlook. For the stock, the immediate reference points are Jefferies' CAD 19.00 target, the CAD 31.45 yearly high and the evening euro quotation.
Air Canada stock was trading at EUR 13.68 at Lang & Schwarz on October 20, 2026 at 8:12 p.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Air Canada stock.
Air Canada market data
- Company: Air Canada
- ISIN: CA0089118776
- Ticker: AC
- Primary exchange: TSX
- Price Lang & Schwarz (as of October 20, 2026, 8:12 p.m. CEST): EUR 13.68
- Market capitalization: CAD 5.5 billion (as of October 20, 2026)
- 52-week range: CAD 16.45-31.45 (as of October 20, 2026)
- Sector / Industry: Industrials / Passenger Airlines
- Next earnings date: October 29, 2026
Market context: Market report S&P/TSX Composite.
