Citigroup Has Lowered Expectations for Air Canada (TSE:AC) Stock Price

Air Canada (TSE:AC) had its target price decreased by Citigroup from C$28.50 to C$26.50 in a report released on Monday,BayStreet.CA reports. Citigroup currently has a buy rating on the stock.

AC has been the topic of several other reports. Raymond James raised shares of Air Canada to a “moderate buy” rating in a report on Tuesday, December 17th. Stifel Nicolaus increased their price target on shares of Air Canada from C$25.50 to C$28.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. National Bankshares boosted their price objective on Air Canada from C$22.00 to C$27.00 in a report on Monday, November 4th. Stifel Canada raised Air Canada from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 3rd. Finally, TD Cowen lifted their target price on Air Canada to C$25.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Two 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 stock. Based on data from MarketBeat, Air Canada presently has a consensus rating of “Moderate Buy” and an average target price of C$26.53.

Air Canada Stock Performance

Shares of AC opened at C$22.25 on Monday. The firm has a market cap of C$7.98 billion, a price-to-earnings ratio of 4.97, a PEG ratio of 0.02 and a beta of 2.39. 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 business’s 50 day moving average is C$22.95 and its two-hundred day moving average is C$18.75. Air Canada has a 52-week low of C$14.47 and a 52-week high of C$26.18.

Insider Buying and Selling at Air Canada

In other news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of C$21.71, for a total transaction of C$130,246.80. 0.14% of the stock is currently owned by company insiders.

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.