Analysts Set Air Canada (TSE:AC) Target Price at C$26.50

Air Canada (TSE:AC) has been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$26.67.

AC has been the topic of a number of recent research reports. TD Cowen boosted their target price on Air Canada to C$25.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Citigroup upped their price objective on shares of Air Canada from C$21.00 to C$28.50 in a research report on Monday, November 18th. Canaccord Genuity Group boosted their price target on shares of Air Canada from C$25.00 to C$29.00 in a research note on Monday, November 4th. BMO Capital Markets raised their price objective on shares of Air Canada from C$29.00 to C$31.00 in a research report on Wednesday. Finally, Jefferies Financial Group boosted their target price on Air Canada from C$18.00 to C$22.00 in a research report on Tuesday, November 5th.

Air Canada Stock Performance

Shares of AC stock opened at C$21.96 on Thursday. The stock’s 50-day moving average price is C$22.25 and its 200 day moving average price is C$18.53. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,070.99. The stock has a market capitalization of C$7.87 billion, a PE ratio of 4.90, 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$26.18.

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.