Air Canada (TSE:AC - Get Free Report) had its target price raised by research analysts at Raymond James Financial from C$24.00 to C$27.00 in a research note issued on Tuesday,BayStreet.CA reports. Raymond James Financial's price objective suggests a potential upside of 22.06% from the company's current price.
Other analysts have also recently issued research reports about the stock. CIBC dropped their target price on shares of Air Canada from C$24.00 to C$21.00 in a report on Thursday, April 10th. BMO Capital Markets reduced their price target on shares of Air Canada from C$31.00 to C$29.00 and set an "outperform" rating for the company in a research report on Thursday, April 3rd. Scotiabank reduced 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. National Bankshares upped their price target on Air Canada from C$24.00 to C$26.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Finally, Stifel Nicolaus increased their target price on Air Canada from C$22.00 to C$23.00 in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$24.59.
Read Our Latest Research Report on Air Canada
Air Canada Price Performance
Shares of AC stock traded down C$0.06 during trading hours on Tuesday, reaching C$22.12. The stock had a trading volume of 76,396 shares, compared to its average volume of 3,427,890. The stock's fifty day simple moving average is C$20.02 and its 200 day simple moving average is C$17.84. 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 has a 12 month low of C$12.69 and a 12 month high of C$26.18. The firm has a market capitalization of C$7.89 billion, a PE ratio of 3.11, a PEG ratio of 0.02 and a beta of 2.39.
Air Canada Company Profile
(
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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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