Air Canada (TSE:AC) had its target price lifted by Raymond James Financial Inc. from C$10.50 to C$12.50 in a research report report published on Tuesday morning. The brokerage currently has an underperform rating on the stock.

Several other research analysts have also commented on the company. Royal Bank Of Canada reiterated a top pick rating and issued a C$18.00 price target on shares of Air Canada in a research report on Tuesday. National Bank Financial lifted their price target on Air Canada from C$13.00 to C$15.50 and gave the stock an outperform rating in a research report on Friday, October 14th. CIBC lifted their price target on Air Canada from C$14.00 to C$17.50 in a research report on Thursday, October 13th. RBC Capital Markets upgraded Air Canada from an outperform rating to a top pick rating and lifted their price target for the stock from C$14.00 to C$18.00 in a research report on Thursday, October 6th. Finally, BMO Capital Markets lifted their price target on Air Canada from C$13.00 to C$15.00 and gave the stock an outperform rating in a research report on Wednesday, October 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of C$16.15.

Air Canada (TSE:AC) opened at 13.00 on Tuesday. Air Canada has a 12 month low of $6.81 and a 12 month high of $13.15. The company has a market cap of $3.59 billion and a price-to-earnings ratio of 6.24. The stock has a 50 day moving average price of $12.01 and a 200 day moving average price of $9.95.

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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