Air Canada (AC) Price Target Increased to C$15.50 by Analysts at National Bank Financial
Air Canada (TSE:AC) had its target price raised by National Bank Financial from C$13.00 to C$15.50 in a research note issued to investors on Friday. National Bank Financial’s price target indicates a potential upside of 22.92% from the stock’s previous close.
A number of other research firms have also commented on AC. Canaccord Genuity increased their price target on Air Canada from C$13.00 to C$14.00 and gave the company a “buy” rating in a research report on Monday, October 3rd. TD Securities upped their price objective on Air Canada from C$20.00 to C$22.00 and gave the company an “action list buy” rating in a research note on Tuesday, August 2nd. Scotiabank reduced their price objective on Air Canada from C$13.50 to C$13.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 2nd. RBC Capital Markets upgraded Air Canada from an “outperform” rating to a “top pick” rating and upped their price objective for the company from C$14.00 to C$18.00 in a research note on Thursday, October 6th. Finally, CIBC upped their price objective on Air Canada from C$14.00 to C$17.50 in a research note on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of C$15.52.
Air Canada (TSE:AC) traded up 1.98% during midday trading on Friday, hitting $12.86. The stock had a trading volume of 628,262 shares. The stock has a market cap of $3.55 billion and a P/E ratio of 6.18. Air Canada has a 52 week low of $6.81 and a 52 week high of $12.96. The company has a 50-day moving average price of $9.99 and a 200-day moving average price of $9.35.
Air Canada Company Profile
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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