Citigroup set a C$25.00 target price on Air Canada (TSE:AC - Free Report) in a research report report published on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.
Several other equities research analysts have also recently issued reports on AC. Canaccord Genuity Group lifted their target price on shares of Air Canada from C$24.00 to C$27.00 in a research note on Monday, May 12th. Stifel Nicolaus boosted their price target on shares of Air Canada from C$22.00 to C$23.00 in a research report on Monday, May 12th. JPMorgan Chase & Co. cut shares of 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. BMO Capital Markets cut their price objective on shares of Air Canada from C$31.00 to C$29.00 and set an "outperform" rating for the company in a report on Thursday, April 3rd. Finally, CIBC lowered their target price on 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 assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Air Canada presently has an average rating of "Moderate Buy" and a consensus target price of C$24.22.
Check Out Our Latest Analysis on AC
Air Canada Price Performance
Shares of Air Canada stock traded up C$0.75 on Monday, reaching C$21.07. The company's stock had a trading volume of 5,029,889 shares, compared to its average volume of 3,517,070. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00. The company has a market capitalization of C$7.52 billion, a P/E ratio of 2.97, a PEG ratio of 0.02 and a beta of 2.39. The stock has a 50-day moving average price of C$17.78 and a 200-day moving average price of C$17.83. Air Canada has a 52-week low of C$12.69 and a 52-week high of C$26.18.
About Air Canada
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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.
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