Air Canada (TSE:AC) had its price objective increased by equities researchers at Royal Bank of Canada from C$46.00 to C$48.00 in a research note issued to investors on Friday, BayStreet.CA reports. Royal Bank of Canada’s price target would indicate a potential upside of 12.91% from the stock’s current price.
A number of other equities analysts also recently weighed in on the stock. Raymond James dropped their target price on shares of Adaptimmune Therapeutics from $16.00 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, May 7th. JPMorgan Chase & Co. boosted their target price on shares of LYFT from $82.00 to $86.00 in a research note on Wednesday, May 8th. Cormark reaffirmed a “market perform” rating and issued a C$21.00 target price on shares of WestJet Airlines in a research note on Tuesday, March 19th. CIBC lifted their price target on shares of Stella-Jones from C$51.00 to C$53.00 in a research report on Tuesday, May 7th. Finally, Morgan Stanley reiterated an “underweight” rating and set a C$18.00 price target on shares of WestJet Airlines in a research report on Friday, April 5th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Air Canada currently has an average rating of “Buy” and a consensus target price of C$45.09.
Shares of TSE AC opened at C$42.51 on Friday. Air Canada has a 1-year low of C$20.65 and a 1-year high of C$42.72. The company has a market capitalization of $11.51 billion and a P/E ratio of 16.48. The company has a debt-to-equity ratio of 294.80, a quick ratio of 0.85 and a current ratio of 0.93. The business has a 50-day moving average of C$40.18.
In other news, Senior Officer Pierre Houle sold 1,955 shares of Air Canada stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of C$35.81, for a total transaction of C$70,009.53.
Air Canada Company Profile
Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations 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.
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