Air Canada (TSE:AC) Price Target Raised to C$31.00

Air Canada (TSE:AC) had its price target lifted by ATB Capital from C$28.00 to C$31.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

AC has been the topic of several other research reports. National Bankshares raised their target price on shares of Air Canada from C$22.00 to C$27.00 in a report on Monday, November 4th. JPMorgan Chase & Co. upped their price target 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$27.00 to C$28.00 in a report on Wednesday, December 4th. Stifel Canada upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 3rd. Finally, Stifel Nicolaus raised shares of Air Canada from a “hold” rating to a “buy” rating and increased their price target for the stock from C$20.00 to C$25.50 in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$26.67.

Air Canada Trading Up 1.1 %

TSE AC opened at C$21.96 on Wednesday. The stock has a 50-day moving average of C$22.25 and a 200-day moving average of C$18.53. 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 has a 1-year low of C$14.47 and a 1-year high of C$26.18. The firm has a market cap of C$7.87 billion, a PE ratio of 4.90, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39.

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.