Air Canada (TSE:AC) Price Target Lowered to C$22.00 at TD Securities

Air Canada (TSE:AC) had its price target reduced by TD Securities from C$25.00 to C$22.00 in a research report sent to investors on Friday,BayStreet.CA reports.

Several other research firms have also issued reports on AC. CIBC reduced their price target on Air Canada from C$24.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Friday. ATB Capital raised their target price on shares of Air Canada from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Citigroup set a C$25.00 price target on shares of Air Canada and gave the company a “buy” rating in a report on Monday, June 30th. National Bank Financial lowered shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Scotiabank decreased their price objective on shares of Air Canada from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$24.91.

Air Canada Stock Performance

TSE AC opened at C$17.78 on Friday. The company has a 50-day simple moving average of C$19.46 and a two-hundred day simple moving average of C$18.03. Air Canada has a 12-month low of C$12.69 and a 12-month high of C$26.18. The firm has a market cap of C$5.27 billion, a price-to-earnings ratio of 4.50, a PEG ratio of 0.02 and a beta of 1.73. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00.

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.