BMO Capital Markets Boosts Air Canada (AC) Price Target to C$15.00
Air Canada (TSE:AC) had its target price lifted by equities research analysts at BMO Capital Markets from C$13.00 to C$15.00 in a research report issued on Wednesday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 32.51% from the stock’s current price.
Several other research analysts have also recently issued reports on AC. TD Securities reissued an “action list buy” rating and issued a C$21.00 price target on shares of Air Canada in a research note on Monday, June 20th. Canaccord Genuity initiated coverage on Air Canada in a research note on Tuesday, June 28th. They issued a “buy” rating and a C$13.00 price target for the company. National Bank Financial decreased their price target on Air Canada from C$13.50 to C$13.00 in a research note on Tuesday, June 28th. Macquarie decreased their price target on Air Canada from C$10.00 to C$9.00 in a research note on Friday, July 22nd. Finally, CIBC increased their price target on Air Canada from C$12.25 to C$14.00 in a research note on Tuesday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$14.52.
Air Canada (TSE:AC) traded up 4.196% during mid-day trading on Wednesday, reaching $11.795. The company had a trading volume of 1,432,678 shares. The stock’s 50-day moving average is $9.38 and its 200 day moving average is $9.20. The firm has a market capitalization of $3.26 billion and a P/E ratio of 5.665. Air Canada has a 12 month low of $6.81 and a 12 month high of $12.29.
About Air Canada
Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. The Company’s mainline operates a fleet of over 170 aircraft, including Airbus narrow-body aircraft, Boeing and Airbus wide-body aircraft, and Embraer 190 regional jets.
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