Air Canada (TSE:AC) Price Target Raised to C$28.00 at Stifel Nicolaus

Air Canada (TSE:AC) had its price target raised by Stifel Nicolaus from C$24.00 to C$28.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other analysts also recently commented on the stock. Canadian Imperial Bank of Commerce increased their target price on shares of Air Canada from C$23.00 to C$24.00 in a report on Wednesday, January 21st. Royal Bank Of Canada set a C$25.00 price objective on shares of Air Canada and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Scotiabank lifted their target price on shares of Air Canada from C$26.50 to C$27.00 and gave the stock an “outperform” rating in a research report on Tuesday. Raymond James Financial downgraded Air Canada from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Finally, National Bank Financial upped their target price on Air Canada from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a report on Wednesday, January 14th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$24.85.

Air Canada Stock Performance

AC opened at C$20.53 on Tuesday. Air Canada has a 1-year low of C$12.69 and a 1-year high of C$23.72. The company has a market cap of C$6.05 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 0.02 and a beta of 1.59. The company’s fifty day moving average price is C$19.52 and its two-hundred day moving average price is C$19.00. The company has a current ratio of 0.92, a quick ratio of 1.06 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.