Air Canada (TSE:AC - Get Free Report) had its price target cut by 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 target points to a potential upside of 7.46% from the company's previous close.
A number of other analysts have also recently weighed in on the stock. Canaccord Genuity Group upped their target price on shares of Air Canada from C$25.00 to C$29.00 in a research note on Monday, November 4th. BMO Capital Markets increased their target price on Air Canada from C$29.00 to C$31.00 in a report on Wednesday, December 18th. Raymond James raised Air Canada to a "moderate buy" rating in a research note on Tuesday, December 17th. Stifel Canada upgraded Air Canada from a "hold" rating to a "strong-buy" rating in a research note on Sunday, November 3rd. Finally, CIBC cut their price objective on Air Canada from C$28.00 to C$24.00 in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$25.87.
Check Out Our Latest Stock Report on Air Canada
Air Canada Stock Performance
Shares of TSE AC traded down C$0.02 during trading hours on Monday, hitting C$16.75. 2,831,459 shares of the company's stock were exchanged, compared to its average volume of 3,176,486. The stock has a market capitalization of C$5.97 billion, a price-to-earnings ratio of 2.36, a PEG ratio of 0.02 and a beta of 2.39. The company's 50-day moving average price is C$19.91 and its 200-day moving average price is C$19.40. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06. Air Canada has a 1-year low of C$14.47 and a 1-year high of C$26.18.
Insiders Place Their Bets
In related news, Director Vagn Sorensen purchased 11,440 shares of the stock in a transaction on Wednesday, February 19th. The shares were purchased at an average cost of C$17.40 per share, with a total value of C$199,057.14. Also, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the company's stock in a transaction 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. Insiders own 0.14% of the company's stock.
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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