Air Canada (AC) PT Raised to C$17.50
Air Canada (TSE:AC) had its price objective upped by equities researchers at CIBC from C$14.00 to C$17.50 in a research note issued to investors on Thursday. CIBC’s price objective suggests a potential upside of 34.72% from the company’s previous close.
A number of other analysts have also recently commented on AC. Royal Bank Of Canada lowered their target price on shares of Air Canada from C$16.00 to C$14.00 and set an “outperform” rating for the company in a research note on Wednesday, August 3rd. TD Securities lifted their price objective on shares of Air Canada from C$20.00 to C$22.00 and gave the company an “action list buy” rating in a research note on Tuesday, August 2nd. Scotiabank decreased their price objective on shares of Air Canada from C$13.50 to C$13.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 2nd. CSFB restated an “outperform” rating on shares of Air Canada in a research note on Thursday, September 29th. Finally, National Bank Financial decreased their price objective on shares of Air Canada from C$13.50 to C$13.00 in a research note on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. Air Canada presently has an average rating of “Buy” and a consensus target price of C$15.52.
Air Canada (TSE:AC) opened at 12.99 on Thursday. The company’s 50 day moving average is $10.11 and its 200-day moving average is $9.38. The company has a market cap of $3.59 billion and a price-to-earnings ratio of 6.24. Air Canada has a 12 month low of $6.81 and a 12 month high of $13.08.
Air Canada Company Profile
Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. The Company’s mainline operates a fleet of over 170 aircraft, including Airbus narrow-body aircraft, Boeing and Airbus wide-body aircraft, and Embraer 190 regional jets.
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