Air Canada (TSE:AC) Price Target Raised to C$26.00

Air Canada (TSE:AC) had its price objective boosted by National Bankshares from C$24.00 to C$26.00 in a research report released on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus boosted their price objective on Air Canada from C$22.00 to C$23.00 in a research note on Monday, May 12th. Royal Bank Of Canada raised Air Canada from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$16.00 to C$25.00 in a research note on Monday, May 12th. CIBC cut their target price on Air Canada from C$24.00 to C$21.00 in a research report on Thursday, April 10th. BMO Capital Markets decreased their price target on Air Canada from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a report on Thursday, April 3rd. Finally, Citigroup set a C$25.00 price objective on shares of Air Canada and gave the company a “buy” rating in a research report on Monday, June 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.41.

Air Canada Stock Performance

Air Canada stock opened at C$20.99 on Wednesday. The company’s 50-day moving average price is C$19.84 and its 200-day moving average price is C$17.85. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00. The company has a market cap of C$7.49 billion, a PE ratio of 2.96, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. Air Canada has a twelve month low of C$12.69 and a twelve month high of C$26.18.

About Air Canada

Air Canada is Canada’s largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.