Air Canada (TSE:AC) Price Target Raised to C$27.00 at Scotiabank

Air Canada (TSE:AC) had its price target lifted by equities researchers at Scotiabank from C$26.50 to C$27.00 in a report released on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 32.35% from the company’s previous close.

A number of other equities research analysts also recently issued reports on AC. Royal Bank Of Canada set a C$25.00 price objective on shares of Air Canada and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Canadian Imperial Bank of Commerce lifted their price target on Air Canada from C$23.00 to C$24.00 in a research report on Wednesday, January 21st. UBS Group raised shares of Air Canada to a “hold” rating in a research note on Tuesday, November 18th. Finally, National Bank Financial lifted their price target on shares of Air Canada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 14th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$24.85.

Air Canada Stock Performance

Shares of AC traded up C$0.15 during mid-day trading on Tuesday, hitting C$20.40. 1,708,528 shares of the company traded hands, compared to its average volume of 2,568,620. The stock has a 50-day moving average price of C$19.49 and a two-hundred day moving average price of C$18.99. The stock has a market cap of C$6.01 billion, a price-to-earnings ratio of 10.97, a P/E/G ratio of 0.02 and a beta of 1.59. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. Air Canada has a 1 year low of C$12.69 and a 1 year high of C$23.72.

About Air Canada

Air Canada is Canada’s largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.