Air Canada (AC) Price Target Raised to C$15.50
Air Canada (TSE:AC) had its price target boosted by National Bank Financial from C$13.00 to C$15.50 in a report issued on Friday. National Bank Financial currently has an outperform rating on the stock.
Other analysts have also issued reports about the stock. CIBC boosted their price target on shares of Air Canada from C$12.25 to C$14.00 in a research note on Tuesday, August 2nd. Macquarie lowered their price objective on Air Canada from C$10.00 to C$9.00 in a research report on Friday, July 22nd. TD Securities reissued an action list buy rating and set a C$21.00 price objective on shares of Air Canada in a research report on Monday, June 20th. Canaccord Genuity initiated coverage on Air Canada in a research report on Tuesday, June 28th. They set a buy rating and a C$13.00 price objective for the company. Finally, BMO Capital Markets boosted their price objective on Air Canada from C$13.00 to C$15.00 and gave the stock an outperform rating in a research report on Wednesday, October 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of C$15.69.
Air Canada (TSE:AC) opened at 13.05 on Friday. The firm’s 50-day moving average is $10.35 and its 200-day moving average is $9.45. Air Canada has a 52-week low of $6.81 and a 52-week high of $13.15. The stock has a market capitalization of $3.60 billion and a price-to-earnings ratio of 6.27.
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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