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

Air Canada (TSE:AC - Get Free Report) had its target price upped by equities research analysts at Stifel Nicolaus from C$22.00 to C$23.00 in a research note issued to investors on Monday,BayStreet.CA reports. Stifel Nicolaus' price objective would suggest a potential upside of 22.41% from the stock's current price.

A number of other analysts have also weighed in on AC. JPMorgan Chase & Co. lowered Air Canada from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from C$34.00 to C$24.00 in a research note on Monday, March 3rd. National Bankshares cut their price objective on Air Canada from C$27.00 to C$23.00 in a research report on Thursday, April 10th. CIBC cut their price objective on Air Canada from C$24.00 to C$21.00 in a research report on Thursday, April 10th. Royal Bank of Canada decreased their target price on Air Canada from C$20.00 to C$16.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 16th. Finally, Scotiabank reduced their price target on Air Canada from C$25.00 to C$21.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$24.31.

Air Canada Trading Up 0.9%

TSE AC traded up C$0.17 during trading on Monday, hitting C$18.79. 1,108,875 shares of the company's stock traded hands, compared to its average volume of 3,527,719. The stock has a fifty day moving average of C$14.74 and a two-hundred day moving average of C$18.95. Air Canada has a 12-month low of C$12.69 and a 12-month high of C$26.18. The firm has a market cap of C$6.70 billion, a P/E ratio of 2.65, a PEG ratio of 0.02 and a beta of 2.39. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06.

Insider Buying and Selling at Air Canada

In related news, Senior Officer Craig Landry purchased 7,909 shares of Air Canada stock in a transaction on Monday, March 31st. The shares were bought at an average cost of C$13.99 per share, for a total transaction of C$110,646.91. Also, Director Vagn Sorensen bought 11,440 shares of Air Canada stock in a transaction dated Wednesday, February 19th. The stock was purchased at an average cost of C$17.40 per share, for a total transaction of C$199,057.14. In the last ninety days, insiders purchased 32,993 shares of company stock worth $538,251. 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.