BMO Capital Markets Has Lowered Expectations for Air Canada (TSE:AC) Stock Price

Air Canada (TSE:AC - Get Free Report) had its price objective cut by research analysts at BMO Capital Markets from C$31.00 to C$29.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' target price indicates a potential upside of 126.03% from the stock's current price.

AC has been the subject of several other reports. CIBC dropped their price target on Air Canada from C$28.00 to C$24.00 in a research note on Tuesday, February 18th. Cormark upped their target price on shares of Air Canada from C$26.75 to C$29.50 in a research report on Wednesday, December 18th. ATB Capital lifted their price objective on shares of Air Canada from C$28.00 to C$31.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 18th. Stifel Nicolaus cut their price objective on shares of Air Canada from C$28.00 to C$26.00 in a research report on Tuesday, February 18th. Finally, Citigroup dropped their price target on shares of Air Canada from C$28.50 to C$26.50 and set a "buy" rating for the company in a research note on Monday, December 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$24.67.

Air Canada Stock Performance

Air Canada stock traded down C$0.18 during midday trading on Thursday, hitting C$12.83. The stock had a trading volume of 4,525,319 shares, compared to its average volume of 3,461,149. The company has a market capitalization of C$4.58 billion, a PE ratio of 1.81, a P/E/G ratio of 0.02 and a beta of 2.39. Air Canada has a 52-week low of C$12.69 and a 52-week high of C$26.18. The firm's fifty day moving average is C$16.50 and its two-hundred day moving average is C$19.36. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00.

Insider Buying and Selling at Air Canada

In other Air Canada news, Director Vagn Sorensen bought 11,440 shares of Air Canada stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average cost of C$17.40 per share, with a total value of C$199,057.14. Also, Senior Officer Craig Landry purchased 13,644 shares of the company's stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of C$16.75 per share, for a total transaction of C$228,546.55. Insiders have purchased 32,993 shares of company stock worth $538,251 over the last quarter. 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.