ATB Capital Cuts Air Canada (TSE:AC) Price Target to C$27.00

Air Canada (TSE:AC) had its price target dropped by equities research analysts at ATB Capital from C$28.00 to C$27.00 in a report issued on Thursday, BayStreet.CA reports. ATB Capital’s target price points to a potential upside of 77.75% from the company’s previous close.

Several other research analysts have also issued reports on AC. BMO Capital Markets dropped their target price on Air Canada from C$33.00 to C$28.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Raymond James dropped their target price on Air Canada from C$28.00 to C$22.00 and set an “outperform” rating for the company in a research report on Tuesday, July 23rd. Royal Bank of Canada dropped their target price on Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 23rd. TD Securities decreased their price target on shares of Air Canada from C$25.00 to C$19.00 in a research note on Wednesday, July 24th. Finally, Jefferies Financial Group decreased their price target on shares of Air Canada from C$20.00 to C$19.00 in a research note on Thursday, June 20th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Air Canada presently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.59.

Air Canada Trading Up 1.7 %

AC traded up C$0.26 on Thursday, hitting C$15.19. The company had a trading volume of 1,205,109 shares, compared to its average volume of 2,230,996. The company has a market cap of C$5.45 billion, a PE ratio of 2.62, a PEG ratio of 0.02 and a beta of 2.40. Air Canada has a 12-month low of C$14.47 and a 12-month high of C$23.83. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,767.66. The business’s fifty day simple moving average is C$17.05 and its 200 day simple moving average is C$18.16.

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.