Air Canada (TSE:AC) Given New C$25.00 Price Target at National Bank Financial

Air Canada (TSE:AC) had its price objective upped by National Bank Financial from C$24.00 to C$25.00 in a research note released on Tuesday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

AC has been the subject of several other reports. Scotiabank raised their target price on shares of Air Canada from C$26.50 to C$27.00 and gave the company an “outperform” rating in a research note on Tuesday. Raymond James Financial downgraded shares of Air Canada from an “outperform” rating to a “market perform” rating in a report on Tuesday. UBS Group upgraded Air Canada to a “hold” rating in a research report on Tuesday, November 18th. Stifel Nicolaus boosted their target price on Air Canada from C$24.00 to C$28.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Canadian Imperial Bank of Commerce increased their price target on Air Canada from C$23.00 to C$24.00 in a research note on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$24.85.

Air Canada Trading Up 1.4%

Shares of AC opened at C$20.53 on Tuesday. The firm has a market cap of C$6.05 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 0.02 and a beta of 1.59. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06. Air Canada has a 1 year low of C$12.69 and a 1 year high of C$23.72. The company has a 50 day simple moving average of C$19.52 and a two-hundred day simple moving average of C$19.00.

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.