Air Canada (TSE:AC) had its target price increased by National Bank Financial from C$13.00 to C$15.50 in a research report report published on Friday morning. The brokerage currently has an outperform rating on the stock.
Several other equities analysts have also commented on the stock. TD Securities raised their target price on shares of Air Canada from C$22.00 to C$23.00 and gave the company an action list buy rating in a report on Tuesday, September 27th. BMO Capital Markets raised their price target on shares of Air Canada from C$13.00 to C$15.00 and gave the company an outperform rating in a research note on Wednesday, October 5th. Canaccord Genuity raised their price target on shares of Air Canada from C$13.00 to C$14.00 and gave the company a buy rating in a research note on Monday, October 3rd. RBC Capital Markets upgraded shares of Air Canada from an outperform rating to a top pick rating and raised their price target for the company from C$14.00 to C$18.00 in a research note on Thursday, October 6th. Finally, Royal Bank Of Canada upgraded shares of Air Canada from an outperform rating to a top pick rating and raised their price target for the company from C$14.00 to C$18.00 in a research note on Thursday, October 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of C$15.52.
Shares of Air Canada (TSE:AC) traded up 0.23% during midday trading on Friday, reaching $13.02. 636,100 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $10.11 and a 200-day moving average price of $9.38. Air Canada has a 52-week low of $6.81 and a 52-week high of $13.14. The stock has a market cap of $3.60 billion and a P/E ratio of 6.25.
Air Canada Company Profile
Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. The Company’s mainline operates a fleet of over 170 aircraft, including Airbus narrow-body aircraft, Boeing and Airbus wide-body aircraft, and Embraer 190 regional jets.
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