Air Canada (TSE:AC) PT Set at C$25.00 by Royal Bank Of Canada

Air Canada (TSE:AC) received a C$25.00 price objective from equities researchers at Royal Bank Of Canada in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 38.43% from the company’s current price.

Other research analysts have also recently issued reports about the company. CIBC reduced their price objective on Air Canada from C$24.00 to C$22.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. TD Securities dropped their target price on Air Canada from C$25.00 to C$22.00 in a report on Friday, September 26th. Stifel Nicolaus dropped their target price on Air Canada from C$25.00 to C$24.00 and set a “buy” rating on the stock in a report on Friday, September 26th. Raymond James Financial upped their target price on Air Canada from C$24.00 to C$27.00 and gave the stock a “moderate buy” rating in a report on Tuesday, July 22nd. Finally, Citigroup set a C$25.00 target price on Air Canada and gave the stock a “buy” rating in a report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$24.78.

Air Canada Stock Down 1.1%

AC stock opened at C$18.06 on Thursday. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06. The stock has a market capitalization of C$5.35 billion, a P/E ratio of 4.57, a P/E/G ratio of 0.02 and a beta of 1.62. The business has a 50-day moving average of C$18.90 and a 200-day moving average of C$18.22. Air Canada has a fifty-two week low of C$12.69 and a fifty-two week high of C$26.18.

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.