Brokerages Set Air Canada (TSE:AC) PT at C$25.75

Shares of Air Canada (TSE:AC) have earned an average recommendation of “Moderate Buy” from the fifteen analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$25.75.

Several research analysts have weighed in on the stock. Stifel Nicolaus upgraded shares of Air Canada from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$20.00 to C$25.50 in a report on Monday, November 4th. Stifel Canada upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 3rd. CIBC lifted their price target on Air Canada from C$25.00 to C$27.00 in a research note on Monday, November 4th. Citigroup lifted their target price on Air Canada from C$21.00 to C$28.50 in a research report on Monday, November 18th. Finally, National Bankshares lifted their price objective on shares of Air Canada from C$22.00 to C$27.00 in a report on Monday, November 4th.

Air Canada Trading Down 0.0 %

AC opened at C$24.68 on Friday. The company has a market cap of C$8.85 billion, a P/E ratio of 5.51, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a fifty day moving average price of C$19.48 and a two-hundred day moving average price of C$17.87. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99. Air Canada has a 1-year low of C$14.47 and a 1-year high of C$25.00.

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.