Several other equities analysts have also recently issued reports on the stock. TD Securities lifted their price objective on shares of Air Canada from C$22.00 to C$23.00 and gave the stock an action list buy rating in a research note on Tuesday, September 27th. Macquarie lowered their price objective on shares of Air Canada from C$10.00 to C$9.00 in a research note on Friday, July 22nd. CIBC lifted their price objective on shares of Air Canada from C$12.25 to C$14.00 in a research note on Tuesday, August 2nd. National Bank Financial lowered their price objective on shares of Air Canada from C$13.50 to C$13.00 in a research note on Tuesday, June 28th. Finally, Canaccord Genuity initiated coverage on shares of Air Canada in a research note on Tuesday, June 28th. They issued a buy rating and a C$13.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Air Canada presently has an average rating of Buy and a consensus price target of C$14.75.
Air Canada (TSE:AC) opened at 11.28 on Thursday. Air Canada has a 1-year low of $6.81 and a 1-year high of $12.29. The firm’s 50-day moving average is $9.31 and its 200-day moving average is $9.18. The stock has a market cap of $3.12 billion and a P/E ratio of 5.42.
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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