Analysts Set Air Canada (TSE:AC) Price Target at C$24.46

Shares of Air Canada (TSE:AC) have been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$24.46.

AC has been the subject of a number of analyst reports. Scotiabank lowered their target price on shares of Air Canada from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research note on Wednesday, September 3rd. National Bank Financial downgraded Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Royal Bank Of Canada set a C$25.00 price objective on Air Canada and gave the company an “outperform” rating in a research note on Thursday, October 9th. TD Securities cut their target price on Air Canada from C$25.00 to C$22.00 in a research report on Friday, September 26th. Finally, BMO Capital Markets decreased their target price on Air Canada from C$28.00 to C$27.00 in a research note on Thursday, October 9th.

Air Canada Stock Down 0.9%

Air Canada stock opened at C$18.34 on Friday. 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 has a 52-week low of C$12.69 and a 52-week high of C$26.18. The firm has a 50 day moving average price of C$18.44 and a two-hundred day moving average price of C$18.99. The firm has a market cap of C$5.43 billion, a price-to-earnings ratio of -26.58, a PEG ratio of 0.02 and a beta of 1.49.

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.