BMO Capital Markets Has Lowered Expectations for Air Canada (TSE:AC) Stock Price

Air Canada (TSE:AC) had its target price decreased by analysts at BMO Capital Markets from C$28.00 to C$27.00 in a research note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 49.50% from the company’s previous close.

AC has been the topic of a number of other research reports. TD Securities cut their target price on Air Canada from C$25.00 to C$22.00 in a research note on Friday, September 26th. Raymond James Financial boosted their target price on Air Canada from C$24.00 to C$27.00 and gave the stock a “moderate buy” rating in a research note on Tuesday, July 22nd. ATB Capital boosted their target price on Air Canada from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Canaccord Genuity Group cut their target price on Air Canada from C$28.00 to C$25.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Finally, Royal Bank Of Canada set a C$25.00 target price on Air Canada and gave the stock an “outperform” rating in a research note on Thursday. One research 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 issued a Sell rating to the stock. Based on data from MarketBeat, Air Canada currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.78.

Air Canada Price Performance

Shares of TSE AC opened at C$18.06 on Thursday. Air Canada has a twelve month low of C$12.69 and a twelve month high of C$26.18. The stock’s 50 day moving average price is C$18.90 and its 200-day moving average price is C$18.22. The company has a market capitalization of C$5.35 billion, a PE ratio of 4.57, a PEG ratio of 0.02 and a beta of 1.62. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00.

About Air Canada

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.