Air Canada (TSE:AC) Stock Price Expected to Rise, Cormark Analyst Says

Air Canada (TSE:AC) had its target price boosted by Cormark from C$26.75 to C$29.50 in a research note published on Wednesday morning,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. increased their price objective on Air Canada from C$32.00 to C$34.00 in a report on Monday, November 4th. Stifel Canada raised Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 3rd. CIBC upped their target price on Air Canada from C$27.00 to C$28.00 in a research report on Wednesday, December 4th. Stifel Nicolaus upgraded shares of Air Canada from a “hold” rating to a “buy” rating and raised their target price for the company from C$20.00 to C$25.50 in a research note on Monday, November 4th. Finally, TD Cowen upped their price target on shares of Air Canada to C$25.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$26.50.

Air Canada Stock Down 4.5 %

Shares of Air Canada stock opened at C$21.58 on Wednesday. The company has a market cap of C$7.74 billion, a P/E ratio of 4.82, a P/E/G ratio of 0.02 and a beta of 2.39. Air Canada has a 1 year low of C$14.47 and a 1 year high of C$26.18. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99. The stock has a 50-day moving average price of C$22.03 and a 200 day moving average price of C$18.49.

About Air Canada

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.