Air Canada (TSE:AC) had its target price raised by BMO Capital Markets from C$13.00 to C$15.00 in a research note issued to investors on Wednesday morning. They currently have an outperform rating on the stock.
Several other brokerages have also recently issued reports on AC. Canaccord Genuity upped their price objective on 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 report on Thursday, September 29th. Macquarie decreased their price objective on Air Canada from C$10.00 to C$9.00 in a report on Friday, July 22nd. TD Securities upped their price objective on Air Canada from C$22.00 to C$23.00 and gave the stock an action list buy rating in a report on Tuesday, September 27th. Finally, Scotiabank decreased their price objective on Air Canada from C$13.50 to C$13.00 and set a sector perform rating on the stock in a report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. The company 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. Air Canada has a one year low of $6.81 and a one year high of $12.70. The company has a market cap of $3.40 billion and a PE ratio of 5.91. The stock’s 50 day moving average is $9.66 and its 200-day moving average is $9.27.
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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