Brokerages Set Air Canada (TSE:AC) PT at C$24.42

Air Canada (TSE:AC) has earned a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$24.85.

A number of research firms have commented on AC. UBS Group upgraded shares of Air Canada to a “hold” rating in a research report on Tuesday, November 18th. National Bank Financial boosted their target price on Air Canada from C$24.00 to C$25.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Royal Bank Of Canada set a C$25.00 price target 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 raised their price objective on Air Canada from C$23.00 to C$24.00 in a research report on Wednesday, January 21st. Finally, Stifel Nicolaus lifted their target price on shares of Air Canada from C$24.00 to C$28.00 and gave the company a “buy” rating in a research note on Tuesday.

Air Canada Trading Down 1.1%

Shares of AC opened at C$20.99 on Tuesday. Air Canada has a one year low of C$12.69 and a one year high of C$23.72. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. The company has a market capitalization of C$6.22 billion, a P/E ratio of 11.28, a P/E/G ratio of 0.02 and a beta of 1.59. The stock has a 50-day moving average price of C$19.64 and a 200 day moving average price of C$19.03.

Air Canada Company Profile

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.