Stifel Nicolaus Increases Air Canada (TSE:AC) Price Target to C$25.00

Air Canada (TSE:AC) had its price objective upped by analysts at Stifel Nicolaus from C$23.00 to C$25.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 31.16% from the stock’s current price.

AC has been the topic of several other reports. CIBC reduced their target price on Air Canada from C$24.00 to C$21.00 in a research note on Thursday, April 10th. Canaccord Genuity Group boosted their target price on Air Canada from C$27.00 to C$28.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank Of Canada raised Air Canada from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$16.00 to C$25.00 in a research note on Monday, May 12th. Citigroup set a C$25.00 target price on Air Canada and gave the company a “buy” rating in a research note on Monday, June 30th. Finally, Raymond James Financial lifted their price target on Air Canada from C$24.00 to C$27.00 and gave the company a “moderate buy” rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Air Canada presently has an average rating of “Moderate Buy” and an average target price of C$25.63.

Air Canada Stock Performance

Shares of TSE AC opened at C$19.06 on Thursday. The stock has a market cap of C$6.80 billion, a price-to-earnings ratio of 2.68, a P/E/G ratio of 0.02 and a beta of 2.39. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. Air Canada has a 1-year low of C$12.69 and a 1-year high of C$26.18. The stock’s 50-day moving average is C$20.27 and its 200 day moving average is C$17.78.

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.