Air Canada (TSE:AC - Get Free Report) had its price objective cut by equities research analysts at Stifel Nicolaus from C$28.00 to C$26.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Stifel Nicolaus' target price would suggest a potential upside of 54.12% from the company's current price.
Several other brokerages have also recently issued reports on AC. Scotiabank lifted their price objective on shares of Air Canada from C$26.50 to C$29.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 18th. CIBC lifted their price target on shares of Air Canada from C$27.00 to C$28.00 in a research report on Wednesday, December 4th. BMO Capital Markets increased their price objective on Air Canada from C$29.00 to C$31.00 in a research report on Wednesday, December 18th. JPMorgan Chase & Co. raised their price objective on Air Canada from C$32.00 to C$34.00 in a research note on Monday, November 4th. Finally, Jefferies Financial Group boosted their target price on Air Canada from C$22.00 to C$23.00 in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Air Canada currently has an average rating of "Moderate Buy" and a consensus target price of C$26.20.
Read Our Latest Analysis on Air Canada
Air Canada Price Performance
TSE:AC traded down C$0.35 during mid-day trading on Tuesday, reaching C$16.87. 1,984,519 shares of the stock were exchanged, compared to its average volume of 3,158,516. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. The business has a fifty day moving average price of C$20.52 and a 200 day moving average price of C$19.37. Air Canada has a 1-year low of C$14.47 and a 1-year high of C$26.18. The firm has a market capitalization of C$6.02 billion, a PE ratio of 2.38, a PEG ratio of 0.02 and a beta of 2.39.
Insider Transactions at Air Canada
In other Air Canada news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of C$21.71, for a total transaction of C$130,246.80. 0.14% of the stock is currently owned by company 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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