Analysts Set Air Canada (TSE:AC) Price Target at C$26.50

Shares of Air Canada (TSE:AC - Get Free Report) have been assigned an average rating of "Moderate Buy" from the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$26.50.

A number of brokerages have issued reports on AC. National Bankshares boosted their target price on Air Canada from C$22.00 to C$27.00 in a research report on Monday, November 4th. Stifel Canada upgraded Air Canada from a "hold" rating to a "strong-buy" rating in a report on Sunday, November 3rd. CIBC increased their target price on Air Canada from C$27.00 to C$28.00 in a research note on Wednesday, December 4th. Citigroup lifted their target price on Air Canada from C$21.00 to C$28.50 in a research report on Monday, November 18th. Finally, ATB Capital increased their price target on shares of Air Canada from C$28.00 to C$31.00 and gave the stock an "outperform" rating in a research report on Wednesday.

Air Canada Trading Up 0.6 %

TSE:AC traded up C$0.14 on Thursday, reaching C$21.72. The company's stock had a trading volume of 5,077,666 shares, compared to its average volume of 2,593,902. Air Canada has a 12-month low of C$14.47 and a 12-month high of C$26.18. The stock has a 50 day moving average price of C$22.14 and a 200 day moving average price of C$18.51. The firm has a market cap of C$7.79 billion, a price-to-earnings ratio of 4.85, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,070.99.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.