Air Canada (TSE:AC) Price Target Raised to C$29.00

Air Canada (TSE:AC) had its price objective increased by Scotiabank from C$26.50 to C$29.00 in a research note published on Wednesday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

A number of other brokerages also recently issued reports on AC. Jefferies Financial Group increased their price target on Air Canada from C$18.00 to C$22.00 in a research report on Tuesday, November 5th. Stifel Canada raised shares of Air Canada from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 3rd. TD Cowen increased their price objective on shares of Air Canada to C$25.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Citigroup boosted their target price on shares of Air Canada from C$21.00 to C$28.50 in a research note on Monday, November 18th. Finally, National Bankshares raised their price target on shares of Air Canada from C$22.00 to C$27.00 in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$26.67.

Air Canada Stock Up 1.1 %

AC stock opened at C$21.96 on Wednesday. The firm’s fifty day moving average is C$22.25 and its 200 day moving average is C$18.53. The firm has a market cap of C$7.87 billion, a PE ratio of 4.90, a P/E/G ratio of 0.02 and a beta of 2.39. Air Canada has a one year low of C$14.47 and a one year high of C$26.18. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85.

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.