National Bankshares Raises Air Canada (TSE:AC) Price Target to C$26.00

Air Canada (TSE:AC - Get Free Report) had its price target boosted by investment analysts at National Bankshares from C$24.00 to C$26.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' target price indicates a potential upside of 23.87% from the company's previous close.

Other equities research analysts also recently issued reports about the stock. Citigroup set a C$25.00 target price on shares of Air Canada and gave the company a "buy" rating in a report on Monday, June 30th. Raymond James Financial lowered their target price on shares of Air Canada from C$28.00 to C$24.00 in a report on Tuesday, May 6th. Stifel Nicolaus boosted their target price on shares of Air Canada from C$22.00 to C$23.00 in a report on Monday, May 12th. Scotiabank lowered their target price on shares of Air Canada from C$25.00 to C$21.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, CIBC lowered their target price on shares of Air Canada from C$24.00 to C$21.00 in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$24.41.

Air Canada Price Performance

AC traded down C$0.52 during midday trading on Wednesday, reaching C$20.99. 5,050,958 shares of the company's stock were exchanged, compared to its average volume of 3,475,935. The stock has a market capitalization of C$7.49 billion, a PE ratio of 2.96, a P/E/G ratio of 0.02 and a beta of 2.39. Air Canada has a 1-year low of C$12.69 and a 1-year high of C$26.18. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06. The business's 50-day moving average price is C$19.84 and its 200 day moving average price is C$17.85.

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.