Air Canada (TSE:AC) Given New C$22.00 Price Target at National Bank Financial

Air Canada (TSE:AC) had its price target cut by National Bank Financial from C$25.00 to C$22.00 in a research report released on Thursday,BayStreet.CA reports.

AC has been the subject of a number of other reports. Canaccord Genuity Group downgraded shares of Air Canada from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$28.00 to C$21.00 in a report on Friday, March 13th. BMO Capital Markets lowered their price target on shares of Air Canada from C$27.00 to C$26.00 in a report on Tuesday. Scotiabank downgraded shares of Air Canada from an “outperform” rating to a “hold” rating and cut their price objective for the stock from C$27.00 to C$21.00 in a research report on Tuesday, March 10th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Air Canada from C$23.00 to C$24.00 in a research note on Wednesday, January 21st. Finally, Raymond James Financial cut shares of Air Canada from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$24.33.

Air Canada Trading Down 5.2%

Shares of TSE:AC opened at C$17.86 on Thursday. The company has a market capitalization of C$5.26 billion, a PE ratio of 9.60, a P/E/G ratio of 0.02 and a beta of 1.56. The company has a current ratio of 0.56, a quick ratio of 1.06 and a debt-to-equity ratio of 446.78. Air Canada has a 12-month low of C$12.69 and a 12-month high of C$23.72. The business’s fifty day simple moving average is C$19.10 and its 200-day simple moving average is C$18.87.

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.