TD Cuts Air Canada (TSE:AC) Price Target to C$21.00

Air Canada (TSE:AC) had its price objective lowered by TD from C$23.00 to C$21.00 in a report issued on Monday morning,BayStreet.CA reports.

Several other equities analysts also recently weighed in on AC. Jefferies Financial Group raised their target price on shares of Air Canada from C$17.00 to C$19.00 in a report on Tuesday, March 31st. Scotiabank downgraded shares of Air Canada from an “outperform” rating to a “hold” rating and dropped their target price for the company from C$27.00 to C$21.00 in a report on Tuesday, March 10th. BMO Capital Markets dropped their target price on shares of Air Canada from C$27.00 to C$26.00 in a report on Tuesday, March 31st. National Bank Financial dropped their target price on shares of Air Canada from C$25.00 to C$22.00 in a report on Thursday, April 2nd. Finally, Stifel Nicolaus raised 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 report on Tuesday, February 17th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Air Canada presently has a consensus rating of “Moderate Buy” and an average target price of C$23.69.

Air Canada Stock Performance

TSE:AC opened at C$18.29 on Monday. The company has a current ratio of 0.56, a quick ratio of 1.06 and a debt-to-equity ratio of 446.78. The firm has a 50-day moving average price of C$18.77 and a two-hundred day moving average price of C$18.90. Air Canada has a twelve month low of C$13.73 and a twelve month high of C$23.72. The company has a market capitalization of C$5.39 billion, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 0.02 and a beta of 1.56.

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.