Air Canada (TSE:AC) Given a C$25.00 Price Target by Royal Bank Of Canada Analysts

Key Points

• Royal Bank of Canada has set a price target of C$25.00 for Air Canada, indicating a potential upside of 36.24% from the company's previous close.
• Air Canada currently holds an average rating of "Moderate Buy" from analysts, with one strong buy, nine buy, three hold, and one sell rating issued.
• The airline has experienced stock fluctuations, recently trading at C$18.35 and achieving a 52-week low of C$12.69 and a high of C$26.18.

Air Canada (TSE:AC - Get Free Report) has been given a C$25.00 price objective by equities researchers at Royal Bank Of Canada in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target would suggest a potential upside of 36.24% from the company's previous close.

A number of other research analysts have also recently issued reports on AC. Citigroup set a C$25.00 price objective on Air Canada and gave the company a "buy" rating in a report on Monday, June 30th. National Bankshares cut Air Canada from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from C$26.00 to C$22.00 in a report on Wednesday, September 24th. Canaccord Genuity Group cut their price target on Air Canada from C$28.00 to C$25.00 and set a "buy" rating for the company in a report on Thursday, September 25th. TD Securities cut their price target on Air Canada from C$25.00 to C$22.00 in a report on Friday, September 26th. Finally, Stifel Nicolaus cut their price target on Air Canada from C$25.00 to C$24.00 and set a "buy" rating for the company in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$24.78.

Air Canada Stock Performance

AC stock traded down C$0.11 during midday trading on Thursday, hitting C$18.35. The stock had a trading volume of 1,264,739 shares, compared to its average volume of 3,282,749. The firm has a market capitalization of C$5.43 billion, a price-to-earnings ratio of 4.65, a P/E/G ratio of 0.02 and a beta of 1.62. The stock has a 50-day simple moving average of C$18.94 and a 200 day simple moving average of C$18.18. Air Canada has a 52 week low of C$12.69 and a 52 week high of C$26.18. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00.

Air Canada Company Profile

Air Canada is Canada's largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.

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