Air Canada (TSE:AC) Given New C$21.00 Price Target at TD

Air Canada (TSE:AC) had its price target reduced by TD from C$23.00 to C$21.00 in a research note released on Monday,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the stock. Scotiabank downgraded shares of Air Canada from an “outperform” rating to a “hold” rating and cut their price target for the stock from C$27.00 to C$21.00 in a report on Tuesday, March 10th. National Bank Financial decreased their price objective on shares of Air Canada from C$25.00 to C$22.00 in a research note on Thursday, April 2nd. Canadian Imperial Bank of Commerce dropped their price objective on shares of Air Canada from C$25.00 to C$22.00 in a report on Wednesday, April 8th. Canaccord Genuity Group lowered shares of Air Canada from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$28.00 to C$21.00 in a research note on Friday, March 13th. Finally, Royal Bank Of Canada reduced their target price on shares of Air Canada from C$25.00 to C$22.00 in a report on Monday, April 13th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Air Canada has a consensus rating of “Moderate Buy” and a consensus target price of C$23.69.

Air Canada Stock Down 0.3%

Shares of AC stock opened at C$18.91 on Monday. Air Canada has a fifty-two week low of C$13.65 and a fifty-two week high of C$23.72. The firm has a market capitalization of C$5.57 billion, a PE ratio of 10.17, a P/E/G ratio of 0.02 and a beta of 1.56. The company has a debt-to-equity ratio of 446.78, a quick ratio of 1.06 and a current ratio of 0.56. The stock’s 50-day simple moving average is C$18.82 and its 200-day simple moving average is C$18.90.

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.