AC has been the subject of a number of other reports. Macquarie reduced their target price on shares of Air Canada from C$10.00 to C$9.00 in a research report on Friday, July 22nd. CIBC raised their price objective on shares of Air Canada from C$12.25 to C$14.00 in a research report on Tuesday, August 2nd. National Bank Financial cut their price objective on shares of Air Canada from C$13.50 to C$13.00 in a research report on Tuesday, June 28th. Canaccord Genuity initiated coverage on shares of Air Canada in a research report on Tuesday, June 28th. They set a buy rating and a C$13.00 price objective for the company. Finally, Scotiabank cut their price objective on shares of Air Canada from C$13.50 to C$13.00 and set a sector perform rating for the company in a research report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of C$14.67.
Shares of Air Canada (TSE:AC) opened at 10.60 on Tuesday. Air Canada has a 52-week low of $6.81 and a 52-week high of $12.29. The firm has a 50-day moving average of $9.24 and a 200 day moving average of $9.16. The stock has a market capitalization of $2.93 billion and a PE ratio of 5.09.
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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