Air Canada (TSE:AC) Price Target Raised to C$23.00

Air Canada (TSE:AC) had its price objective increased by Jefferies Financial Group from C$22.00 to C$23.00 in a report issued on Monday,BayStreet.CA reports.

Other equities analysts have also issued research reports about the company. Citigroup lowered their price objective on Air Canada from C$28.50 to C$26.50 and set a “buy” rating on the stock in a research note on Monday, December 30th. Raymond James upgraded shares of Air Canada to a “moderate buy” rating in a research report on Tuesday, December 17th. Stifel Nicolaus boosted their price objective on shares of Air Canada from C$25.50 to C$28.00 and gave the company a “buy” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. raised their target price on Air Canada from C$32.00 to C$34.00 in a report on Monday, November 4th. Finally, BMO Capital Markets boosted their price target on Air Canada from C$29.00 to C$31.00 in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Air Canada currently has an average rating of “Moderate Buy” and a consensus price target of C$26.60.

Air Canada Price Performance

Shares of TSE AC opened at C$22.30 on Monday. The firm has a market cap of C$7.99 billion, a P/E ratio of 4.98, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The business’s 50 day moving average is C$23.22 and its 200-day moving average is C$18.87. 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 has a 1-year low of C$14.47 and a 1-year high of C$26.18.

Insider Activity

In related news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the business’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.

Air Canada Company Profile

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.