BMO Capital Markets Raises Air Canada (AC) Price Target to C$15.00
Air Canada (TSE:AC) had its price target boosted by research analysts at BMO Capital Markets from C$13.00 to C$15.00 in a research report issued on Wednesday. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 21.85% from the company’s current price.
A number of other research firms have also issued reports on AC. Canaccord Genuity upped their price target on Air Canada from C$13.00 to C$14.00 and gave the company a “buy” rating in a research report on Monday, October 3rd. TD Securities upped their price objective on Air Canada from C$20.00 to C$22.00 and gave the company an “action list buy” rating in a report on Tuesday, August 2nd. Scotiabank decreased their price objective on Air Canada from C$13.50 to C$13.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 2nd. National Bank Financial decreased their price objective on Air Canada from C$13.50 to C$13.00 in a report on Tuesday, June 28th. Finally, Macquarie decreased their price objective on Air Canada from C$10.00 to C$9.00 in a report on Friday, July 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of C$15.06.
Air Canada (TSE:AC) traded down 1.76% on Wednesday, reaching $12.31. The company’s stock had a trading volume of 2,280,267 shares. The firm’s 50 day moving average price is $9.66 and its 200-day moving average price is $9.27. Air Canada has a 1-year low of $6.81 and a 1-year high of $12.70. The company has a market capitalization of $3.40 billion and a price-to-earnings ratio of 5.91.
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About Air Canada
Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. The Company’s mainline operates a fleet of over 170 aircraft, including Airbus narrow-body aircraft, Boeing and Airbus wide-body aircraft, and Embraer 190 regional jets.
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