Air Canada (TSE:AC) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Air Canada (TSE:AC) had its price target increased by research analysts at BMO Capital Markets from C$29.00 to C$31.00 in a report released on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 42.73% from the stock’s previous close.

A number of other research firms have also commented on AC. Canaccord Genuity Group raised their price objective on shares of Air Canada from C$25.00 to C$29.00 in a research note on Monday, November 4th. CIBC boosted their price objective on Air Canada from C$27.00 to C$28.00 in a research note on Wednesday, December 4th. Stifel Canada raised Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 3rd. Scotiabank lifted their target price on Air Canada from C$24.00 to C$26.50 in a report on Monday, November 4th. Finally, Citigroup upped their price target on shares of Air Canada from C$21.00 to C$28.50 in a report 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$26.50.

Air Canada Stock Up 0.6 %

Air Canada stock opened at C$21.72 on Wednesday. Air Canada has a 52 week low of C$14.47 and a 52 week high of C$26.18. The stock has a market cap of C$7.79 billion, a price-to-earnings ratio of 4.85, a PEG ratio of 0.02 and a beta of 2.39. The company’s 50-day moving average price is C$22.14 and its two-hundred day moving average price is C$18.51. 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.

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.