Air Canada (TSE:AC) Stock Price Expected to Rise, National Bankshares Analyst Says

Air Canada (TSE:AC - Get Free Report) had its target price hoisted by equities research analysts at National Bankshares from C$24.00 to C$26.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' target price points to a potential upside of 23.87% from the company's current price.

Several other equities research analysts also recently weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Air Canada from C$22.00 to C$23.00 in a research report on Monday, May 12th. CIBC dropped their target price on shares of Air Canada from C$24.00 to C$21.00 in a research report on Thursday, April 10th. Canaccord Genuity Group boosted their target price on shares of Air Canada from C$24.00 to C$27.00 in a research report on Monday, May 12th. Scotiabank dropped 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 research report on Wednesday, April 9th. Finally, Raymond James Financial dropped their target price on shares of Air Canada from C$28.00 to C$24.00 in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$24.41.

Air Canada Stock Down 2.4%

Shares of AC traded down C$0.52 during midday trading on Wednesday, hitting C$20.99. The company had a trading volume of 5,050,958 shares, compared to its average volume of 3,475,935. The company's 50 day moving average price is C$19.77 and its 200 day moving average price is C$17.86. The stock has a market cap of C$7.49 billion, a price-to-earnings ratio of 2.96, a PEG ratio of 0.02 and a beta of 2.39. Air Canada has a 52 week low of C$12.69 and a 52 week 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.

About Air Canada

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.