Air Canada (TSE:AC) Price Target Raised to C$27.00

Air Canada (TSE:AC) had its price objective hoisted by Scotiabank from C$26.50 to C$27.00 in a report issued on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms also recently weighed in on AC. National Bank Financial boosted their target price on Air Canada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 14th. Royal Bank Of Canada set a C$25.00 price objective on Air Canada and gave the stock an “outperform” rating in a report on Tuesday, November 25th. UBS Group raised shares of Air Canada to a “hold” rating in a research note on Tuesday, November 18th. Finally, Canadian Imperial Bank of Commerce boosted their price target on shares of Air Canada from C$23.00 to C$24.00 in a research note on Wednesday, January 21st. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Air Canada currently has a consensus rating of “Moderate Buy” and an average price target of C$24.85.

Air Canada Trading Down 1.1%

AC opened at C$20.99 on Tuesday. Air Canada has a 1-year low of C$12.69 and a 1-year high of C$23.72. The stock has a market capitalization of C$6.22 billion, a PE ratio of 11.28, a PEG ratio of 0.02 and a beta of 1.59. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. The firm has a 50-day moving average price of C$19.64 and a two-hundred day moving average price of C$19.03.

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.