ATB Capital Raises Air Canada (TSE:AC) Price Target to C$32.00

Air Canada (TSE:ACGet Rating) had its price target increased by ATB Capital from C$30.00 to C$32.00 in a report issued on Wednesday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

AC has been the topic of several other research reports. CIBC cut their price target on Air Canada from C$30.00 to C$29.00 in a report on Thursday, July 14th. Citigroup cut their price target on Air Canada from C$25.50 to C$19.00 and set a neutral rating on the stock in a report on Wednesday, July 20th. JPMorgan Chase & Co. cut their price target on Air Canada from C$31.00 to C$29.00 in a report on Tuesday, April 12th. National Bankshares cut their price target on Air Canada from C$31.00 to C$30.00 and set an outperform rating on the stock in a report on Thursday, July 7th. Finally, Scotiabank cut their price target on Air Canada from C$31.00 to C$26.00 in a report on Tuesday, June 28th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Air Canada currently has an average rating of Moderate Buy and a consensus target price of C$27.44.

Air Canada Trading Down 0.7 %

Shares of AC stock opened at C$18.06 on Wednesday. The stock has a market cap of C$6.46 billion and a price-to-earnings ratio of -1.97. The stock has a 50-day moving average of C$17.99 and a 200-day moving average of C$21.18. The company has a current ratio of 1.26, a quick ratio of 1.17 and a debt-to-equity ratio of 183,588.89. Air Canada has a 1-year low of C$15.57 and a 1-year high of C$26.80.

Insider Transactions at Air Canada

In related news, Senior Officer Amos Kazzaz purchased 4,126 shares of the business’s stock in a transaction dated Friday, June 3rd. The stock was purchased at an average cost of C$21.36 per share, with a total value of C$88,115.68. Following the completion of the acquisition, the insider now directly owns 17,043 shares of the company’s stock, valued at C$363,973.72. In related news, Senior Officer Murray Douglas Strom sold 3,755 shares of Air Canada stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of C$21.33, for a total transaction of C$80,094.15. Following the completion of the sale, the insider now owns 2,740 shares of the company’s stock, valued at C$58,444.20. Also, Senior Officer Amos Kazzaz acquired 4,126 shares of the company’s stock in a transaction that occurred on Friday, June 3rd. The shares were acquired at an average cost of C$21.36 per share, with a total value of C$88,115.68. Following the purchase, the insider now directly owns 17,043 shares of the company’s stock, valued at approximately C$363,973.72.

About Air Canada

(Get Rating)

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name 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.

Further Reading

Analyst Recommendations for Air Canada (TSE:AC)

Receive News & Ratings for Air Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Canada and related companies with MarketBeat.com's FREE daily email newsletter.