Air Canada (TSE:AC) Price Target Raised to C$31.00

Air Canada (TSE:AC) had its price objective boosted by BMO Capital Markets from C$29.00 to C$31.00 in a research note published on Wednesday morning,BayStreet.CA reports.

Several other brokerages also recently commented on AC. Stifel Nicolaus upgraded Air Canada from a “hold” rating to a “buy” rating and raised their target price for the company from C$20.00 to C$25.50 in a report on Monday, November 4th. Scotiabank boosted their target price on shares of Air Canada from C$24.00 to C$26.50 in a research note on Monday, November 4th. JPMorgan Chase & Co. increased their price target on Air Canada from C$32.00 to C$34.00 in a research note on Monday, November 4th. Canaccord Genuity Group upped their price target on Air Canada from C$25.00 to C$29.00 in a report on Monday, November 4th. Finally, Jefferies Financial Group increased their price target on Air Canada from C$18.00 to C$22.00 in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$26.50.

Air Canada Price Performance

AC opened at C$21.58 on Wednesday. The stock has a market capitalization of C$7.74 billion, a PE ratio of 4.82, a P/E/G ratio of 0.02 and a beta of 2.39. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85. The company’s 50 day simple moving average is C$22.03 and its 200 day simple moving average is C$18.49. Air Canada has a 1 year low of C$14.47 and a 1 year high of C$26.18.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.