Stifel Nicolaus Lowers Air Canada (TSE:AC) Price Target to C$26.00

Air Canada (TSE:AC) had its price target lowered by Stifel Nicolaus from C$28.00 to C$26.00 in a research note issued on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price target suggests a potential upside of 49.00% from the company’s previous close.

AC has been the topic of several other reports. TD Cowen raised their target price on Air Canada to C$25.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Scotiabank raised their price objective on shares of Air Canada from C$26.50 to C$29.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. BMO Capital Markets boosted their target price on shares of Air Canada from C$29.00 to C$31.00 in a research note on Wednesday, December 18th. JPMorgan Chase & Co. increased their price target on shares of Air Canada from C$32.00 to C$34.00 in a report on Monday, November 4th. Finally, ATB Capital lifted their price objective on shares of Air Canada from C$28.00 to C$31.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$26.20.

Air Canada Trading Down 0.2 %

Shares of TSE:AC opened at C$17.45 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00. Air Canada has a 52-week low of C$14.47 and a 52-week high of C$26.18. The stock has a market cap of C$6.22 billion, a price-to-earnings ratio of 2.46, a PEG ratio of 0.02 and a beta of 2.39. The business has a 50-day moving average price of C$20.83 and a 200-day moving average price of C$19.36.

Insider Transactions at Air Canada

In other Air Canada news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of C$21.71, for a total value of C$130,246.80. Insiders own 0.14% of the company’s stock.

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.