Air Canada (AC) PT Raised to C$17.50 at CIBC
Air Canada (TSE:AC) had its price objective lifted by research analysts at CIBC from C$14.00 to C$17.50 in a research note issued to investors on Thursday. CIBC’s target price points to a potential upside of 38.78% from the stock’s previous close.
A number of other analysts have also recently commented on AC. TD Securities reiterated an “action list buy” rating and issued a C$21.00 price target on shares of Air Canada in a research note on Monday, June 20th. Canaccord Genuity initiated coverage on shares of Air Canada in a research note on Tuesday, June 28th. They issued a “buy” rating and a C$13.00 price target for the company. National Bank Financial cut their price target on shares of Air Canada from C$13.50 to C$13.00 in a research note on Tuesday, June 28th. Macquarie cut their price target on shares of Air Canada from C$10.00 to C$9.00 in a research note on Friday, July 22nd. Finally, Scotiabank cut their price target on shares of Air Canada from C$13.50 to C$13.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the stock. Air Canada currently has a consensus rating of “Buy” and a consensus price target of C$15.33.
Air Canada (TSE:AC) traded up 0.80% on Thursday, reaching $12.61. 1,511,418 shares of the company’s stock were exchanged. The firm has a market cap of $3.48 billion and a PE ratio of 6.06. Air Canada has a 12 month low of $6.81 and a 12 month high of $12.70. The firm’s 50-day moving average is $9.88 and its 200-day moving average is $9.32.
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Air Canada Company Profile
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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