Air Canada (TSE:AC - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$18.46 and traded as high as C$24.47. Air Canada shares last traded at C$22.59, with a volume of 8,386,983 shares traded.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Air Canada from C$32.00 to C$34.00 in a research report on Monday, November 4th. CIBC upped their target price on Air Canada from C$27.00 to C$28.00 in a research note on Wednesday, December 4th. Cormark upped their price objective on shares of Air Canada from C$26.75 to C$29.50 in a research note on Wednesday. Stifel Canada upgraded shares of Air Canada from a "hold" rating to a "strong-buy" rating in a research report on Sunday, November 3rd. Finally, BMO Capital Markets raised their price target on Air Canada from C$29.00 to C$31.00 in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Air Canada currently has a consensus rating of "Moderate Buy" and a consensus price target of C$26.50.
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Air Canada Stock Down 4.5 %
The company's fifty day simple moving average is C$21.93 and its 200 day simple moving average is C$18.46. The firm has a market capitalization of C$7.74 billion, a P/E ratio of 4.82, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. 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.
Air Canada Company Profile
(
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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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