Air Canada (TSE:AC) Price Target Cut to C$17.00 by Analysts at Jefferies Financial Group

Air Canada (TSE:AC) had its target price lowered by Jefferies Financial Group from C$22.00 to C$17.00 in a research note published on Thursday morning,BayStreet.CA reports.

A number of other brokerages also recently weighed in on AC. UBS Group raised Air Canada to a “hold” rating in a report on Tuesday, November 18th. National Bank Financial upped their price objective on 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. Canadian Imperial Bank of Commerce raised their price objective on Air Canada from C$23.00 to C$24.00 in a research note on Wednesday, January 21st. Scotiabank cut Air Canada from an “outperform” rating to a “hold” rating and decreased their target price for the company from C$27.00 to C$21.00 in a research report on Tuesday. Finally, 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 note on Tuesday, February 17th. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Air Canada presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.83.

Air Canada Stock Performance

Shares of Air Canada stock opened at C$17.09 on Thursday. The company has a current ratio of 0.56, a quick ratio of 1.06 and a debt-to-equity ratio of 446.78. The company has a market cap of C$5.03 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 0.02 and a beta of 1.56. The company has a 50 day moving average of C$19.63 and a 200-day moving average of C$19.02. Air Canada has a 1-year low of C$12.69 and a 1-year high of C$23.72.

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.