Air Canada (TSE:AC) Given New C$31.00 Price Target at ATB Capital

Air Canada (TSE:AC) had its target price upped by ATB Capital from C$28.00 to C$31.00 in a research note released on Wednesday morning,BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

A number of other analysts have also recently issued reports on AC. TD Cowen raised their price objective on Air Canada to C$25.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Citigroup raised their price target on Air Canada from C$21.00 to C$28.50 in a report on Monday, November 18th. Canaccord Genuity Group upped their price objective on shares of Air Canada from C$25.00 to C$29.00 in a report on Monday, November 4th. National Bankshares raised their target price on shares of Air Canada from C$22.00 to C$27.00 in a research note on Monday, November 4th. Finally, Stifel Nicolaus raised shares of Air Canada from a “hold” rating to a “buy” rating and increased their price target for the company from C$20.00 to C$25.50 in a report on Monday, November 4th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$26.50.

Air Canada Price Performance

Shares of AC opened at C$21.58 on Wednesday. The company’s fifty day simple moving average is C$22.03 and its 200 day simple moving average is C$18.49. Air Canada has a 1-year low of C$14.47 and a 1-year high of C$26.18. The company has a market cap of C$7.74 billion, a price-to-earnings ratio of 4.82, a PEG 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.