Air Canada (TSE:AC - Free Report) had its price target cut by Jefferies Financial Group from C$23.00 to C$18.00 in a report issued on Monday,BayStreet.CA reports.
A number of other equities analysts have also issued reports on the company. JPMorgan Chase & Co. increased their price target on Air Canada from C$32.00 to C$34.00 in a research note on Monday, November 4th. Cormark raised their target price on Air Canada from C$26.75 to C$29.50 in a research note on Wednesday, December 18th. CIBC dropped their price target on shares of Air Canada from C$28.00 to C$24.00 in a research report on Tuesday, February 18th. Canaccord Genuity Group raised their price objective on shares of Air Canada from C$25.00 to C$29.00 in a research report on Monday, November 4th. Finally, National Bankshares lifted their price objective on shares of Air Canada from C$22.00 to C$27.00 in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$25.87.
Read Our Latest Research Report on AC
Air Canada Price Performance
Shares of AC opened at C$17.04 on Monday. The firm has a market capitalization of C$6.08 billion, a price-to-earnings ratio of 2.40, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The stock's fifty day moving average is C$20.20 and its 200-day moving average is C$19.41. Air Canada has a one year low of C$14.47 and a one year high of C$26.18. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92.
Insider Activity
In other Air Canada news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the 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 value of C$130,246.80. Also, Director Vagn Sorensen bought 11,440 shares of the firm's stock in a transaction 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. 0.14% of the stock is currently owned by corporate insiders.
About Air Canada
(
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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.
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