Air Canada (TSE:AC) Price Target Lowered to C$18.00 at Jefferies Financial Group

Air Canada (TSE:AC) had its target price trimmed by Jefferies Financial Group from C$23.00 to C$18.00 in a research report report published on Monday morning,BayStreet.CA reports.

Several other research analysts also recently issued reports on AC. Stifel Canada raised shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 3rd. JPMorgan Chase & Co. raised their price target on Air Canada from C$32.00 to C$34.00 in a report on Monday, November 4th. CIBC reduced their price objective on Air Canada from C$28.00 to C$24.00 in a research note on Tuesday, February 18th. National Bankshares increased their price objective on Air Canada from C$22.00 to C$27.00 in a research report on Monday, November 4th. Finally, Cormark boosted their target price on Air Canada from C$26.75 to C$29.50 in a report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$25.87.

Air Canada Price Performance

Shares of TSE AC opened at C$17.04 on Monday. The stock has a market cap of C$6.08 billion, a P/E ratio of 2.40, a P/E/G 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 stock has a 50 day moving average of C$20.20 and a two-hundred day moving average of C$19.41. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00.

Insider Transactions at Air Canada

In related news, Director Vagn Sorensen bought 11,440 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were acquired at an average price of C$17.40 per share, for a total transaction of C$199,057.14. Also, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$21.71, for a total value of C$130,246.80. Company insiders own 0.14% of the company’s stock.

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.