Scotiabank Issues Positive Forecast for Air Canada (TSE:AC) Stock Price

Air Canada (TSE:ACGet Free Report) had its target price upped by stock analysts at Scotiabank from C$26.50 to C$29.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 28.95% from the stock’s previous close.

Several other research analysts also recently weighed in on the company. National Bankshares upped their target price on Air Canada from C$22.00 to C$27.00 in a research note on Monday, November 4th. Canaccord Genuity Group increased their price objective on Air Canada from C$25.00 to C$29.00 in a research note on Monday, November 4th. ATB Capital increased their price objective on Air Canada from C$28.00 to C$31.00 and gave the company an “outperform” rating in a research note on Wednesday. CIBC increased their price objective on Air Canada from C$27.00 to C$28.00 in a research note on Wednesday, December 4th. Finally, Citigroup increased their price objective on Air Canada from C$21.00 to C$28.50 in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$26.50.

Read Our Latest Stock Report on Air Canada

Air Canada Trading Down 0.4 %

TSE AC traded down C$0.10 on Wednesday, hitting C$22.49. 2,981,134 shares of the stock were exchanged, compared to its average volume of 2,571,360. Air Canada has a 52-week low of C$14.47 and a 52-week high of C$26.18. The firm has a market capitalization of C$8.06 billion, a P/E ratio of 5.02, a P/E/G ratio of 0.02 and a beta of 2.39. The stock has a fifty day moving average price of C$21.93 and a two-hundred day moving average price of C$18.46. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85.

Air Canada Company Profile

(Get Free Report)

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.

Further Reading

Analyst Recommendations for Air Canada (TSE:AC)

Receive News & Ratings for Air Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Canada and related companies with MarketBeat.com's FREE daily email newsletter.