RBC Capital Markets upgraded shares of Air Canada (TSE:AC) from an outperform rating to a top pick rating in a research report released on Thursday. The firm currently has C$18.00 price objective on the stock, up from their prior price objective of C$14.00.
AC has been the topic of a number of other reports. Canaccord Genuity increased their price target on shares of Air Canada from C$13.00 to C$14.00 and gave the stock a buy rating in a report on Monday, October 3rd. CSFB reaffirmed an outperform rating on shares of Air Canada in a research note on Thursday, September 29th. BMO Capital Markets raised their target price 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. Royal Bank Of Canada raised shares of Air Canada from an outperform rating to a top pick rating and raised their target price for the company from C$14.00 to C$18.00 in a research note on Thursday, October 6th. Finally, 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 research note on Tuesday, September 27th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of C$15.06.
Air Canada (TSE:AC) opened at 12.39 on Thursday. Air Canada has a one year low of $6.81 and a one year high of $12.70. The company has a 50-day moving average of $9.77 and a 200 day moving average of $9.30. The firm has a market capitalization of $3.42 billion and a price-to-earnings ratio of 5.95.
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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