Air Canada (TSE:AC) Price Target Raised to C$28.00

Air Canada (TSE:AC - Free Report) had its price objective increased by Stifel Nicolaus from C$25.50 to C$28.00 in a report issued on Friday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

AC has been the topic of several other reports. TD Cowen upped their price objective on shares of Air Canada to C$25.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. National Bankshares lifted their target price on Air Canada from C$22.00 to C$27.00 in a research report on Monday, November 4th. Stifel Canada raised shares of Air Canada from a "hold" rating to a "strong-buy" rating in a research note on Sunday, November 3rd. Raymond James raised shares of Air Canada to a "moderate buy" rating in a research note on Tuesday. Finally, Jefferies Financial Group raised their price target on shares of Air Canada from C$18.00 to C$22.00 in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Air Canada presently has a consensus rating of "Moderate Buy" and a consensus target price of C$26.67.

Air Canada Trading Up 1.1 %

AC traded up C$0.24 on Friday, hitting C$21.96. The company had a trading volume of 6,308,916 shares, compared to its average volume of 2,608,943. The company's fifty day moving average price is C$22.25 and its 200 day moving average price is C$18.53. Air Canada has a 1 year low of C$14.47 and a 1 year high of C$26.18. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99. The firm has a market cap of C$7.87 billion, a P/E ratio of 4.90, a PEG ratio of 0.02 and a beta of 2.39.

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.