Air Canada (TSE:AC) Stock Price Expected to Rise, Citigroup Analyst Says

Air Canada (TSE:AC) had its target price raised by Citigroup from C$21.00 to C$28.50 in a research note published on Monday morning, MarketBeat.com reports.

AC has been the topic of several other reports. Jefferies Financial Group raised their target price on shares of Air Canada from C$18.00 to C$22.00 in a report on Tuesday, November 5th. National Bankshares boosted their price target on Air Canada from C$22.00 to C$27.00 in a research note on Monday, November 4th. Royal Bank of Canada lowered their price objective on Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 23rd. Raymond James dropped their target price on shares of Air Canada from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 23rd. Finally, TD Securities decreased their price objective on Air Canada from C$25.00 to C$19.00 in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$25.75.

Air Canada Stock Down 0.8 %

Shares of TSE AC opened at C$23.21 on Monday. The firm’s 50-day moving average is C$18.75 and its 200-day moving average is C$17.75. Air Canada has a 1 year low of C$14.47 and a 1 year high of C$24.99. The firm has a market capitalization of C$8.32 billion, a PE ratio of 5.18, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99.

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.