National Bank Financial Increases Air Canada (TSE:AC) Price Target to C$25.00

Air Canada (TSE:AC) had its target price lifted by investment analysts at National Bank Financial from C$24.00 to C$25.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 22.55% from the company’s previous close.

A number of other research analysts also recently issued reports on AC. Scotiabank boosted their target price on shares of Air Canada from C$26.50 to C$27.00 and gave the company an “outperform” rating in a research report on Tuesday. Royal Bank Of Canada set a C$25.00 target price on Air Canada and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Stifel Nicolaus boosted their price target on shares of Air Canada from C$24.00 to C$28.00 and gave the company a “buy” rating in a research note on Tuesday. Raymond James Financial cut shares of Air Canada from an “outperform” rating to a “market perform” rating in a report on Tuesday. Finally, UBS Group upgraded shares of Air Canada to a “hold” rating in a report on Tuesday, November 18th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$24.85.

Air Canada Trading Up 0.7%

TSE:AC traded up C$0.15 on Tuesday, reaching C$20.40. 1,708,528 shares of the stock traded hands, compared to its average volume of 2,568,620. Air Canada has a 1-year low of C$12.69 and a 1-year high of C$23.72. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. The company’s 50 day moving average is C$19.49 and its 200-day moving average is C$18.99. The firm has a market capitalization of C$6.01 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 0.02 and a beta of 1.59.

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.