Air Canada (TSE:AC - Get Free Report) had its price objective lowered by research analysts at Stifel Nicolaus from C$28.00 to C$26.00 in a research report issued on Tuesday,BayStreet.CA reports. Stifel Nicolaus' target price points to a potential upside of 54.39% from the company's previous close.
Several other research analysts also recently commented on the stock. Stifel Canada raised shares of Air Canada from a "hold" rating to a "strong-buy" rating in a report on Sunday, November 3rd. BMO Capital Markets raised their price objective on shares of Air Canada from C$29.00 to C$31.00 in a report on Wednesday, December 18th. Canaccord Genuity Group raised their price objective on shares of Air Canada from C$25.00 to C$29.00 in a report on Monday, November 4th. Citigroup cut their price objective on shares of Air Canada from C$28.50 to C$26.50 and set a "buy" rating for the company in a report on Monday, December 30th. Finally, CIBC raised their price target on shares of Air Canada from C$27.00 to C$28.00 in a report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$26.20.
Read Our Latest Report on AC
Air Canada Stock Performance
AC traded down C$0.38 on Tuesday, hitting C$16.84. The company's stock had a trading volume of 4,275,777 shares, compared to its average volume of 3,234,441. The company's 50 day simple moving average is C$20.36 and its 200-day simple moving average is C$19.38. The firm has a market cap of C$6.01 billion, a P/E ratio of 2.37, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. Air Canada has a 12 month low of C$14.47 and a 12 month high of C$26.18. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00.
Insider Activity
In related news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of Air Canada 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. Also, Director Vagn Sorensen bought 11,440 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was acquired at an average price of C$17.40 per share, for a total transaction of C$199,057.14. Corporate insiders own 0.14% of the company's stock.
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.
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