Air Canada (TSE:AC) Price Target Raised to C$19.00

Air Canada (TSE:AC) had its price objective increased by Jefferies Financial Group from C$17.00 to C$19.00 in a research report report published on Tuesday morning,BayStreet.CA reports.

A number of other research analysts have also recently issued reports on the company. National Bank Financial raised their price objective on Air Canada from C$24.00 to C$25.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Raymond James Financial cut Air Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, February 17th. Scotiabank lowered Air Canada from an “outperform” rating to a “hold” rating and reduced their price target for the stock from C$27.00 to C$21.00 in a research report on Tuesday, March 10th. Canaccord Genuity Group cut Air Canada from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$28.00 to C$21.00 in a research note on Friday, March 13th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Air Canada from C$23.00 to C$24.00 in a research report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$24.33.

Air Canada Trading Down 5.2%

Shares of Air Canada stock opened at C$17.86 on Tuesday. The company has a debt-to-equity ratio of 446.78, a current ratio of 0.56 and a quick ratio of 1.06. Air Canada has a 1 year low of C$12.69 and a 1 year high of C$23.72. The firm has a market cap of C$5.26 billion, a PE ratio of 9.60, a PEG ratio of 0.02 and a beta of 1.56. The company has a 50 day simple moving average of C$19.10 and a two-hundred day simple moving average of C$18.87.

About Air Canada

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.