Stifel Nicolaus Boosts Air Canada (TSE:AC) Price Target to C$28.00

Air Canada (TSE:AC) had its price objective upped by research analysts at Stifel Nicolaus from C$25.50 to C$28.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 27.21% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. Citigroup upped their price objective on shares of Air Canada from C$21.00 to C$28.50 in a research note on Monday, November 18th. Scotiabank upped their price objective on shares of Air Canada from C$26.50 to C$29.00 and gave the company an “outperform” rating in a report on Wednesday. TD Cowen lifted their target price on shares of Air Canada to C$25.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. ATB Capital raised their price target on shares of Air Canada from C$28.00 to C$31.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Raymond James raised Air Canada to a “moderate buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$26.67.

Air Canada Price Performance

Shares of AC traded up C$0.29 during trading hours on Friday, hitting C$22.01. 2,660,853 shares of the stock were exchanged, compared to its average volume of 2,593,856. The stock’s 50-day moving average price is C$22.14 and its two-hundred day moving average price is C$18.51. 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 has a market cap of C$7.89 billion, a price-to-earnings ratio of 4.91, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. Air Canada has a 12-month low of C$14.47 and a 12-month high of C$26.18.

Air Canada Company Profile

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.