Jefferies Financial Group Issues Positive Forecast for Air Canada (TSE:AC) Stock Price

Air Canada (TSE:AC) had its price target boosted by Jefferies Financial Group from C$17.00 to C$19.00 in a report issued on Tuesday,BayStreet.CA reports.

A number of other analysts also recently weighed in on AC. Canaccord Genuity Group downgraded Air Canada from a “buy” rating to a “hold” rating and cut their target price for the company from C$28.00 to C$21.00 in a research report on Friday, March 13th. Scotiabank cut Air Canada from an “outperform” rating to a “hold” rating and decreased their price target for the stock from C$27.00 to C$21.00 in a research report on Tuesday, March 10th. Raymond James Financial downgraded Air Canada from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, February 17th. National Bank Financial upped their price objective on shares of Air Canada from C$24.00 to C$25.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of Air Canada from C$23.00 to C$24.00 in a research note on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Air Canada currently has a consensus rating of “Moderate Buy” and an average price target of C$24.58.

Air Canada Trading Up 3.5%

Shares of TSE:AC opened at C$18.12 on Tuesday. The business’s 50 day simple moving average is C$19.14 and its 200 day simple moving average is C$18.87. Air Canada has a 1 year low of C$12.69 and a 1 year high of C$23.72. The company has a debt-to-equity ratio of 446.78, a current ratio of 0.56 and a quick ratio of 1.06. The company has a market capitalization of C$5.34 billion, a P/E ratio of 9.74, a P/E/G ratio of 0.02 and a beta of 1.56.

Air Canada News Summary

Here are the key news stories impacting Air Canada this week:

• Positive Sentiment: Jefferies raised its price target from C$17 to C$19, signaling some analyst confidence in near-term fundamentals and giving the stock modest upside from current levels. Article Title Article Title
• Neutral Sentiment: BMO lowered its target slightly from C$27 to C$26 — a trimming of enthusiasm but still leaving substantial upside versus the current price, which keeps some buy-side interest alive. Article Title
• Neutral Sentiment: A valuation overview nudged Air Canada’s fair value estimate marginally lower to CA$24.11 (from CA$24.36). Analysts remain split — some in the low‑to‑mid C$20s, others more cautious around C$17–C$23 — reflecting uncertainty around fuel and capacity. Article Title
• Neutral Sentiment: The company filed its 2026 annual meeting notice and proxy circular; the filing reiterates the board’s condolences regarding the tragic AC8646 accident — a reminder of operational and reputational risks that investors will monitor. Article Title
• Negative Sentiment: Air Canada’s CEO Michael Rousseau announced he will retire by the end of Q3 2026 and the board has started a CEO search — leadership transitions raise near-term execution and strategy uncertainty for investors. Article Title Article Title
• Negative Sentiment: Critical coverage of the outgoing CEO’s leadership and communications (including a piece highlighting his trouble with French and crisis leadership basics) may amplify governance and reputational concerns during the transition. Article Title

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.