Stifel Nicolaus Raises Air Canada (TSE:AC) Price Target to C$28.00

Air Canada (TSE:AC) had its target price increased by Stifel Nicolaus from C$25.50 to C$28.00 in a report published on Friday morning,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other research analysts also recently commented on AC. ATB Capital boosted their target price on Air Canada from C$28.00 to C$31.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Raymond James raised Air Canada to a “moderate buy” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. raised their target price on Air Canada from C$32.00 to C$34.00 in a research note on Monday, November 4th. Scotiabank upped their price target on shares of Air Canada from C$26.50 to C$29.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Finally, Jefferies Financial Group raised their price objective on shares of Air Canada from C$18.00 to C$22.00 in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$26.67.

Air Canada Trading Up 1.1 %

Shares of AC opened at C$21.96 on Friday. 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. The stock has a market cap of C$7.87 billion, a PE ratio of 4.90, a PEG ratio of 0.02 and a beta of 2.39. Air Canada has a 1 year low of C$14.47 and a 1 year high of C$26.18. The stock has a 50 day simple moving average of C$22.25 and a 200-day simple moving average of C$18.53.

About Air Canada

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.