Air Canada (TSE:AC) Stock Price Expected to Rise, Citigroup Analyst Says

Air Canada (TSE:AC) had its price objective hoisted by equities researchers at Citigroup from C$21.00 to C$28.50 in a note issued to investors on Monday, MarketBeat Ratings reports. Citigroup’s price objective suggests a potential upside of 21.79% from the stock’s previous close.

Other analysts have also issued reports about the company. TD Securities dropped their price objective on Air Canada from C$25.00 to C$19.00 in a report on Wednesday, July 24th. Royal Bank of Canada dropped their price target on shares of Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 23rd. ATB Capital increased their price objective on shares of Air Canada from C$26.50 to C$28.00 in a report on Monday, November 4th. Cormark lifted their target price on shares of Air Canada from C$21.75 to C$26.75 in a report on Monday, November 4th. Finally, Jefferies Financial Group upped their target price on shares of Air Canada from C$18.00 to C$22.00 in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Air Canada currently has an average rating of “Moderate Buy” and an average price target of C$25.75.

Air Canada Stock Down 2.4 %

TSE AC opened at C$23.40 on Monday. The stock has a market capitalization of C$8.39 billion, a P/E ratio of 5.22, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. Air Canada has a 52 week low of C$14.47 and a 52 week high of C$24.99. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85. The stock has a fifty day moving average of C$18.59 and a 200-day moving average of C$17.73.

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.