Air Canada (TSE:AC) Price Target Raised to C$23.00

Air Canada (TSE:AC) had its price target lifted by Jefferies Financial Group from C$22.00 to C$23.00 in a research note released on Monday,BayStreet.CA reports.

AC has been the topic of a number of other research reports. National Bankshares increased their price target on shares of Air Canada from C$22.00 to C$27.00 in a report on Monday, November 4th. Cormark increased their target price on Air Canada from C$26.75 to C$29.50 in a research note on Wednesday, December 18th. Citigroup lowered their price target on Air Canada from C$28.50 to C$26.50 and set a “buy” rating on the stock in a research report on Monday, December 30th. JPMorgan Chase & Co. upped their price objective on Air Canada from C$32.00 to C$34.00 in a report on Monday, November 4th. Finally, Canaccord Genuity Group raised their price objective on Air Canada from C$25.00 to C$29.00 in a report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Air Canada currently has a consensus rating of “Moderate Buy” and a consensus target price of C$26.60.

Air Canada Price Performance

AC stock opened at C$21.73 on Monday. The firm has a 50 day moving average of C$23.39 and a 200-day moving average of C$18.94. The firm has a market capitalization of C$7.79 billion, a P/E ratio of 4.85, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. Air Canada has a 12 month low of C$14.47 and a 12 month high of C$26.18. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99.

Insider Buying and Selling

In other news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of C$21.71, for a total value of C$130,246.80. 0.14% of the stock is currently owned by insiders.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names 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.