Air Canada (TSE:AC) Given New C$27.00 Price Target at Raymond James Financial

Air Canada (TSE:AC - Get Free Report) had its target price boosted by equities research analysts at Raymond James Financial from C$24.00 to C$27.00 in a research note issued on Tuesday, MarketBeat.com reports. The firm presently has a "moderate buy" rating on the stock. Raymond James Financial's target price indicates a potential upside of 22.84% from the stock's current price.

Several other research firms have also recently weighed in on AC. 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 report on Wednesday, April 9th. Stifel Nicolaus boosted their price target on Air Canada from C$22.00 to C$23.00 in a report on Monday, May 12th. Canaccord Genuity Group boosted their price target on Air Canada from C$24.00 to C$27.00 in a report on Monday, May 12th. Citigroup set a C$25.00 price target on Air Canada and gave the stock a "buy" rating in a report on Monday, June 30th. Finally, National Bankshares boosted their price target on Air Canada from C$24.00 to C$26.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Air Canada has an average rating of "Moderate Buy" and a consensus target price of C$24.97.

Air Canada Price Performance

AC stock traded up C$0.11 during midday trading on Tuesday, reaching C$21.98. The company had a trading volume of 1,495,305 shares, compared to its average volume of 3,433,565. The company has a market capitalization of C$7.84 billion, a price-to-earnings ratio of 3.10, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The stock has a 50 day moving average price of C$20.15 and a 200-day moving average price of C$17.84. 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.

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.