Stifel Nicolaus Cuts Air Canada (TSE:AC) Price Target to C$26.00

Air Canada (TSE:AC) had its price target trimmed by Stifel Nicolaus from C$28.00 to C$26.00 in a report published on Tuesday,BayStreet.CA reports.

A number of other brokerages have also issued reports on AC. Citigroup cut their price target on shares of Air Canada from C$28.50 to C$26.50 and set a “buy” rating on the stock in a research note on Monday, December 30th. Raymond James raised shares of Air Canada to a “moderate buy” rating in a research report on Tuesday, December 17th. Stifel Canada raised Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 3rd. ATB Capital upped their price objective on Air Canada from C$28.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Finally, Canaccord Genuity Group lifted their target price on Air Canada from C$25.00 to C$29.00 in a report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Air Canada presently has an average rating of “Moderate Buy” and an average price target of C$26.20.

Air Canada Trading Down 1.3 %

Shares of TSE AC opened at C$17.22 on Tuesday. The stock has a fifty day simple moving average of C$20.68 and a 200-day simple moving average of C$19.37. Air Canada has a twelve month low of C$14.47 and a twelve month high of C$26.18. The stock has a market capitalization of C$6.14 billion, a PE ratio of 2.42, a PEG ratio of 0.02 and a beta of 2.39. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00.

Insider Buying and Selling

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

About Air Canada

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.