Air Canada (TSE:AC – Get Rating) had its target price upped by investment analysts at Citigroup from C$25.00 to C$26.00 in a research note issued on Friday, MarketBeat.com reports. Citigroup’s price target suggests a potential upside of 19.21% from the company’s previous close.
AC has been the topic of a number of other research reports. CIBC increased their target price on shares of Air Canada from C$30.00 to C$31.00 in a research report on Friday, May 5th. Royal Bank of Canada upped their price target on shares of Air Canada from C$22.00 to C$23.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 16th. BMO Capital Markets upped their price target on shares of Air Canada from C$29.00 to C$33.00 in a report on Friday, May 5th. Raymond James upped their price target on shares of Air Canada from C$23.00 to C$28.00 in a report on Wednesday. Finally, Scotiabank upped their price target on shares of Air Canada from C$30.00 to C$31.00 in a report on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Air Canada currently has a consensus rating of “Moderate Buy” and an average price target of C$28.81.
Air Canada Stock Down 1.9 %
Air Canada stock opened at C$21.81 on Friday. The firm has a market capitalization of C$7.82 billion, a PE ratio of -4.47, a P/E/G ratio of 0.02 and a beta of 2.42. The company’s 50-day moving average is C$19.30 and its 200-day moving average is C$19.91. Air Canada has a fifty-two week low of C$15.57 and a fifty-two week high of C$23.54. The company has a debt-to-equity ratio of 183,588.89, a current ratio of 0.99 and a quick ratio of 1.06.
Air Canada Company Profile
Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name 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.
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