Air Canada (TSE:AC) Price Target Raised to C$28.50

Air Canada (TSE:AC) had its price objective increased by Citigroup from C$21.00 to C$28.50 in a research note issued to investors on Monday morning, Marketbeat reports.

AC has been the topic of several other research reports. JPMorgan Chase & Co. raised their target price on Air Canada from C$32.00 to C$34.00 in a research report on Monday, November 4th. CIBC upped their target price on Air Canada from C$25.00 to C$27.00 in a research report on Monday, November 4th. TD Cowen increased their price target on Air Canada to C$25.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. ATB Capital increased their price objective on Air Canada from C$26.50 to C$28.00 in a report on Monday, November 4th. Finally, Scotiabank increased their price target on Air Canada from C$24.00 to C$26.50 in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Air Canada currently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.75.

Air Canada Stock Performance

TSE AC opened at C$23.21 on Monday. The stock has a fifty day simple moving average of C$18.75 and a 200-day simple moving average of C$17.75. Air Canada has a twelve month low of C$14.47 and a twelve month high of C$24.99. The stock has a market cap of C$8.32 billion, a PE ratio of 5.18, a P/E/G ratio of 0.02 and a beta of 2.39. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99.

Air Canada Company Profile

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.