Air Canada (TSE:AC) Given New C$31.00 Price Target at ATB Capital

Air Canada (TSE:AC) had its price target upped by ATB Capital from C$28.00 to C$31.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

AC has been the subject of several other research reports. National Bankshares raised their price target on shares of Air Canada from C$22.00 to C$27.00 in a report on Monday, November 4th. Jefferies Financial Group upped their price target on shares of Air Canada from C$18.00 to C$22.00 in a research report on Tuesday, November 5th. Stifel Canada raised Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 3rd. Canaccord Genuity Group upped their target price on Air Canada from C$25.00 to C$29.00 in a research report on Monday, November 4th. Finally, TD Cowen lifted their target price on Air Canada to C$25.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$26.50.

Air Canada Stock Down 4.5 %

Shares of AC opened at C$21.58 on Wednesday. Air Canada has a 12 month low of C$14.47 and a 12 month 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 company has a market capitalization of C$7.74 billion, a PE ratio of 4.82, a PEG ratio of 0.02 and a beta of 2.39. The stock’s 50-day moving average price is C$22.03 and its two-hundred day moving average price is 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.