Air Canada (TSE:AC) Price Target Lowered to C$22.00 at Royal Bank Of Canada

Air Canada (TSE:AC) had its target price decreased by Royal Bank Of Canada from C$25.00 to C$22.00 in a report issued on Monday morning,BayStreet.CA reports.

AC has been the topic of a number of other research reports. Canaccord Genuity Group downgraded shares of Air Canada from a “buy” rating to a “hold” rating and dropped their price target for the company from C$28.00 to C$21.00 in a report on Friday, March 13th. Stifel Nicolaus raised their price target on shares of Air Canada from C$24.00 to C$28.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. National Bank Financial dropped their price objective on shares of Air Canada from C$25.00 to C$22.00 in a report on Thursday, April 2nd. BMO Capital Markets dropped their price objective on shares of Air Canada from C$27.00 to C$26.00 in a report on Tuesday, March 31st. Finally, Jefferies Financial Group raised their price objective on shares of Air Canada from C$17.00 to C$19.00 in a report on Tuesday, March 31st. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.92.

Air Canada Stock Performance

Shares of TSE AC opened at C$18.83 on Monday. The firm’s 50-day moving average price is C$18.99 and its 200-day moving average price is C$18.85. The company has a quick ratio of 1.06, a current ratio of 0.56 and a debt-to-equity ratio of 446.78. The company has a market cap of C$5.55 billion, a PE ratio of 10.12, a PEG ratio of 0.02 and a beta of 1.56. Air Canada has a 52-week low of C$13.65 and a 52-week high of C$23.72.

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.