Air Canada (TSE:AC) had its price target increased by BMO Capital Markets from C$13.00 to C$15.00 in a research report report published on Wednesday. BMO Capital Markets currently has an outperform rating on the stock.
Several other research analysts have also issued reports on AC. TD Securities reiterated an action list buy rating and issued a C$21.00 target price on shares of Air Canada in a research report on Monday, June 20th. Canaccord Genuity initiated coverage on shares of Air Canada in a research report on Tuesday, June 28th. They issued a buy rating and a C$13.00 target price for the company. National Bank Financial cut their target price on shares of Air Canada from C$13.50 to C$13.00 in a research report on Tuesday, June 28th. Macquarie cut their target price on shares of Air Canada from C$10.00 to C$9.00 in a research report on Friday, July 22nd. Finally, CIBC upped their price target on shares of Air Canada from C$12.25 to C$14.00 in a research report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Air Canada presently has a consensus rating of Buy and an average price target of C$15.06.
Shares of Air Canada (TSE:AC) opened at 12.31 on Wednesday. The stock has a 50 day moving average price of $9.66 and a 200 day moving average price of $9.27. Air Canada has a 52 week low of $6.81 and a 52 week high of $12.70. The firm has a market capitalization of $3.40 billion and a P/E ratio of 5.91.
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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