Air Canada (TSE:AC) Price Target Lowered to C$27.00 at ATB Capital

Air Canada (TSE:AC) had its price objective reduced by ATB Capital from C$28.00 to C$27.00 in a research note released on Thursday morning, BayStreet.CA reports.

Several other equities analysts have also issued reports on the company. Raymond James decreased their target price on Air Canada from C$28.00 to C$22.00 and set an outperform rating on the stock in a research note on Tuesday, July 23rd. TD Securities lowered their price objective on shares of Air Canada from C$25.00 to C$19.00 in a research note on Wednesday, July 24th. Cormark cut their target price on shares of Air Canada from C$25.50 to C$21.25 in a research note on Tuesday, July 23rd. CIBC decreased their price target on shares of Air Canada from C$28.00 to C$25.00 and set an outperform rating for the company in a research report on Tuesday, July 23rd. Finally, National Bankshares cut their price objective on Air Canada from C$28.00 to C$24.00 and set an outperform rating on the stock in a research report on Monday, July 22nd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of C$24.59.

Air Canada Stock Up 1.8 %

Air Canada stock opened at C$15.62 on Thursday. The company has a market capitalization of C$5.60 billion, a PE ratio of 2.71, a price-to-earnings-growth ratio of 0.02 and a beta of 2.40. The company has a debt-to-equity ratio of 1,767.66, a quick ratio of 1.06 and a current ratio of 0.85. Air Canada has a fifty-two week low of C$14.47 and a fifty-two week high of C$23.83. The firm has a 50 day moving average price of C$16.95 and a 200 day moving average price of C$18.12.

About Air Canada

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.