Free Trial

Air Canada (TSE:AC) Price Target Raised to C$29.00

Air Canada logo with Industrials background

Air Canada (TSE:AC - Get Free Report) had its price target hoisted by stock analysts at Scotiabank from C$26.50 to C$29.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Scotiabank's price objective would indicate a potential upside of 34.38% from the stock's current price.

A number of other brokerages have also recently weighed in on AC. Stifel Nicolaus raised Air Canada from a "hold" rating to a "buy" rating and lifted their price objective for the company from C$20.00 to C$25.50 in a research note on Monday, November 4th. BMO Capital Markets increased their price objective on Air Canada from C$29.00 to C$31.00 in a report on Wednesday. Citigroup boosted their price objective on shares of Air Canada from C$21.00 to C$28.50 in a research note on Monday, November 18th. Stifel Canada upgraded shares of Air Canada from a "hold" rating to a "strong-buy" rating in a research note on Sunday, November 3rd. Finally, ATB Capital lifted their price objective on Air Canada from C$28.00 to C$31.00 and gave the stock an "outperform" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Air Canada has an average rating of "Moderate Buy" and a consensus price target of C$26.50.

View Our Latest Research Report on Air Canada

Air Canada Price Performance

Shares of Air Canada stock traded down C$1.01 during trading hours on Wednesday, reaching C$21.58. 5,884,272 shares of the company's stock were exchanged, compared to its average volume of 2,583,765. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,070.99. The business has a fifty day moving average of C$21.93 and a two-hundred day moving average of C$18.46. The company 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. Air Canada has a 1 year low of C$14.47 and a 1 year high of C$26.18.

Air Canada Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Air Canada (TSE:AC)

Should You Invest $1,000 in Air Canada Right Now?

Before you consider Air Canada, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Air Canada wasn't on the list.

While Air Canada currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Oracle’s Cloud Shift Pays Off: Will Momentum Continue?

Oracle’s Cloud Shift Pays Off: Will Momentum Continue?

Analysts boosting their targets. Find out how Oracle’s cloud push is reshaping its business and driving new growth opportunities.

Recent Videos

Goldman Sachs’ 2025 Market Outlook: Top 3 Stock Picks
7 Stocks to Benefit From Trump’s Tariffs in 2025
Investing in Quantum Computing: Is Rigetti the Stock to Watch?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines