Air Canada (TSE:AC) Price Target Raised to C$28.00

Air Canada (TSE:AC) had its price objective boosted by Stifel Nicolaus from C$24.00 to C$28.00 in a research note released on Tuesday morning,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

AC has been the topic of several other reports. Raymond James Financial lowered Air Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday. Scotiabank boosted their price objective on Air Canada from C$26.50 to C$27.00 and gave the company an “outperform” rating in a research note on Tuesday. National Bank Financial increased their target price on shares of Air Canada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 14th. Canadian Imperial Bank of Commerce lifted their price target on shares of Air Canada from C$23.00 to C$24.00 in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada set a C$25.00 price target on shares of Air Canada and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$24.85.

Air Canada Trading Down 1.1%

Shares of AC stock opened at C$20.99 on Tuesday. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06. The company has a market cap of C$6.22 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.02 and a beta of 1.59. Air Canada has a 1 year low of C$12.69 and a 1 year high of C$23.72. The firm has a fifty day moving average price of C$19.64 and a 200-day moving average price of C$19.03.

About Air Canada

Air Canada is Canada’s largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.