Air Canada (TSE:AC) Price Target Raised to C$25.00

Air Canada (TSE:AC) had its price objective lifted by National Bank Financial from C$24.00 to C$25.00 in a report published on Tuesday morning,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

AC has been the subject of several other reports. UBS Group upgraded shares of Air Canada to a “hold” rating in a research report on Tuesday, November 18th. Royal Bank Of Canada set a C$25.00 target price on Air Canada and gave the company an “outperform” rating in a report on Tuesday, November 25th. Stifel Nicolaus lifted their price target on Air Canada from C$24.00 to C$28.00 and gave the stock a “buy” rating in a research note 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 report on Tuesday. Finally, Canadian Imperial Bank of Commerce raised their target price on shares of Air Canada from C$23.00 to C$24.00 in a report on Wednesday, January 21st. Eight equities 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 company’s stock. Based on data from MarketBeat, Air Canada currently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.85.

Air Canada Trading Down 1.1%

Shares of AC opened at C$20.99 on Tuesday. Air Canada has a fifty-two week low of C$12.69 and a fifty-two week high of C$23.72. The firm 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. The firm has a 50 day moving average price of C$19.64 and a 200-day moving average price of C$19.03. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92.

Air Canada Company Profile

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.