TD Securities Boosts Air Canada (TSE:AC) Price Target to C$26.00

Air Canada (TSE:AC – Get Rating) had its target price boosted by TD Securities from C$25.00 to C$26.00 in a report issued on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the company. ATB Capital boosted their target price on Air Canada from C$30.00 to C$32.00 and gave the stock a buy rating in a research report on Wednesday. JPMorgan Chase & Co. decreased their target price on Air Canada from C$31.00 to C$29.00 in a research report on Tuesday, April 12th. Cormark decreased their target price on Air Canada from C$25.00 to C$20.00 and set a hold rating for the company in a research report on Wednesday. Canaccord Genuity Group raised Air Canada to a buy rating and set a C$23.00 target price for the company in a research report on Tuesday, July 12th. Finally, Citigroup cut their price target on Air Canada from C$25.50 to C$19.00 and set a neutral rating for the company in a research note on Wednesday, July 20th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Air Canada has an average rating of Moderate Buy and an average price target of C$27.44.

Air Canada Price Performance

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

Insider Activity at Air Canada

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

Air Canada Company Profile

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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.