Stifel Nicolaus Boosts Air Canada (TSE:AC) Price Target to C$28.00

Air Canada (TSE:AC) had its price target boosted by research analysts at Stifel Nicolaus from C$25.50 to C$28.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 27.50% from the stock’s current price.

Other research analysts also recently issued reports about the stock. CIBC raised their price target on shares of Air Canada from C$27.00 to C$28.00 in a research report on Wednesday, December 4th. Canaccord Genuity Group lifted their target price on Air Canada from C$25.00 to C$29.00 in a research note on Monday, November 4th. Jefferies Financial Group lifted their price objective on shares of Air Canada from C$18.00 to C$22.00 in a research note on Tuesday, November 5th. BMO Capital Markets upped their price target on Air Canada from C$29.00 to C$31.00 in a report on Wednesday. Finally, TD Cowen increased 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. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$26.67.

Air Canada Stock Performance

TSE AC opened at C$21.96 on Friday. The business’s 50-day moving average price is C$22.25 and its 200 day moving average price is C$18.53. The company has a market capitalization of C$7.87 billion, a PE ratio of 4.90, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. Air Canada has a twelve month low of C$14.47 and a twelve 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.

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.