Air Canada (TSE:AC) Given New C$23.00 Price Target at National Bankshares

Air Canada (TSE:AC) had its price objective cut by National Bankshares from C$27.00 to C$23.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group lowered shares of Air Canada from a “hold” rating to an “underperform” rating and decreased their price target for the stock from C$18.00 to C$12.00 in a report on Tuesday, April 1st. ATB Capital increased their price objective on Air Canada from C$28.00 to C$31.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Cormark boosted their target price on Air Canada from C$26.75 to C$29.50 in a research report on Wednesday, December 18th. Stifel Nicolaus cut their target price on Air Canada from C$28.00 to C$26.00 in a research note on Tuesday, February 18th. Finally, Citigroup decreased their price target on shares of Air Canada from C$28.50 to C$26.50 and set a “buy” rating on the stock in a research note on Monday, December 30th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$23.67.

Air Canada Stock Performance

Shares of AC opened at C$13.68 on Thursday. Air Canada has a 12-month low of C$12.69 and a 12-month high of C$26.18. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. The company has a market cap of C$4.88 billion, a PE ratio of 1.93, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The stock has a 50-day moving average price of C$15.80 and a 200-day moving average price of C$19.27.

Insider Buying and Selling at Air Canada

In other Air Canada news, Senior Officer Craig Landry bought 13,644 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of C$16.75 per share, for a total transaction of C$228,546.55. Also, Director Vagn Sorensen purchased 11,440 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was acquired at an average cost of C$17.40 per share, with a total value of C$199,057.14. Over the last quarter, insiders have bought 32,993 shares of company stock worth $538,251. 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.