Jefferies Financial Group Lowers Air Canada (TSE:AC) Price Target to C$18.00

Air Canada (TSE:AC - Get Free Report) had its price objective cut by equities researchers at Jefferies Financial Group from C$23.00 to C$18.00 in a research report issued on Monday,BayStreet.CA reports. Jefferies Financial Group's price objective would indicate a potential upside of 5.76% from the stock's previous close.

A number of other equities analysts also recently issued reports on the company. Raymond James upgraded Air Canada to a "moderate buy" rating in a research report on Tuesday, December 17th. Canaccord Genuity Group increased their target price on Air Canada from C$25.00 to C$29.00 in a research report on Monday, November 4th. CIBC cut their price target on shares of Air Canada from C$28.00 to C$24.00 in a report on Tuesday, February 18th. TD Cowen increased their price objective on shares of Air Canada to C$25.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets boosted their target price on shares of Air Canada from C$29.00 to C$31.00 in a research note on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$25.87.

Air Canada Price Performance

Shares of Air Canada stock traded down C$0.33 during trading hours on Monday, reaching C$17.02. The stock had a trading volume of 1,719,273 shares, compared to its average volume of 3,157,363. Air Canada has a twelve month low of C$14.47 and a twelve month high of C$26.18. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. The firm has a market capitalization of C$6.07 billion, a PE ratio of 2.40, a PEG ratio of 0.02 and a beta of 2.39. The stock's 50 day moving average is C$20.01 and its 200 day moving average is C$19.40.

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Insider Activity

In other news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the firm's stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$21.71, for a total transaction of C$130,246.80. Also, Director Vagn Sorensen acquired 11,440 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was acquired at an average price of C$17.40 per share, for a total transaction of C$199,057.14. Company insiders own 0.14% of the company's stock.

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.