Air Canada (TSE:AC) Given New C$28.00 Price Target at CIBC

Air Canada (TSE:AC) had its price objective hoisted by CIBC from C$27.00 to C$28.00 in a research report report published on Wednesday morning,BayStreet.CA reports.

A number of other brokerages have also recently issued reports on AC. TD Cowen upped their price objective on shares of Air Canada to C$25.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. National Bankshares lifted their price objective on Air Canada from C$22.00 to C$27.00 in a report on Monday, November 4th. Stifel Nicolaus upgraded Air Canada from a “hold” rating to a “buy” rating and increased their target price for the company from C$20.00 to C$25.50 in a report on Monday, November 4th. Scotiabank lifted their price target on Air Canada from C$24.00 to C$26.50 in a research note on Monday, November 4th. Finally, Stifel Canada upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 3rd. Two investment 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, Air Canada currently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.82.

Air Canada Trading Up 1.2 %

Shares of AC stock opened at C$25.20 on Wednesday. The company has a market capitalization of C$9.03 billion, a PE ratio of 5.63, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. 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. The business’s fifty day moving average is C$20.35 and its 200 day moving average is C$18.08. Air Canada has a 52-week low of C$14.47 and a 52-week high of C$25.20.

Air Canada Company Profile

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.