Jefferies Financial Group Has Lowered Expectations for Air Canada (TSE:AC) Stock Price

Air Canada (TSE:AC) had its price objective cut by research analysts at Jefferies Financial Group from C$23.00 to C$18.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Jefferies Financial Group’s price target would indicate a potential upside of 4.71% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. ATB Capital increased their price objective on Air Canada from C$28.00 to C$31.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Cormark boosted their target price on shares of Air Canada from C$26.75 to C$29.50 in a research note on Wednesday, December 18th. Stifel Nicolaus cut their target price on shares of Air Canada from C$28.00 to C$26.00 in a research note on Tuesday, February 18th. Stifel Canada raised shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 3rd. Finally, Raymond James raised shares of Air Canada to a “moderate buy” rating in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$25.87.

Air Canada Price Performance

Shares of TSE:AC opened at C$17.19 on Monday. Air Canada has a one year low of C$14.47 and a one year high of C$26.18. The stock has a fifty day moving average of C$20.09 and a 200-day moving average of C$19.39. The company has a market capitalization of C$6.13 billion, a PE ratio of 2.42, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92.

Insiders Place Their Bets

In other Air Canada news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of C$21.71, for a total transaction of C$130,246.80. Also, Director Vagn Sorensen bought 11,440 shares of the stock in a transaction on Wednesday, February 19th. The shares were acquired at an average cost of C$17.40 per share, for a total transaction of C$199,057.14. Company insiders own 0.14% of the company’s stock.

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.