Air Canada (AC) PT Raised to C$20.50
Air Canada (TSE:AC) had its price target upped by analysts at CIBC from C$19.50 to C$20.50 in a report released on Tuesday, StockTargetPrices.com reports. CIBC’s target price would suggest a potential upside of 18.77% from the stock’s previous close.
Several other analysts also recently commented on AC. Royal Bank Of Canada restated a “top pick” rating and set a C$18.00 price objective on shares of Air Canada in a research report on Tuesday, February 21st. Scotiabank decreased their price objective on shares of Air Canada from C$16.00 to C$15.50 and set a “sector perform” rating on the stock in a research report on Tuesday, February 21st. TD Securities decreased their price objective on shares of Air Canada from C$22.00 to C$21.00 and set an “action list buy” rating on the stock in a research report on Tuesday, February 21st. Macquarie raised their price objective on shares of Air Canada from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research report on Tuesday, February 21st. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating and issued a C$12.50 price target on shares of Air Canada in a report on Tuesday, February 21st. Two analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$18.92.
Air Canada (AC) traded down 0.23% on Tuesday, hitting $17.22. 230,201 shares of the stock were exchanged. Air Canada has a 12 month low of $8.17 and a 12 month high of $18.10. The company has a 50-day moving average of $16.43 and a 200 day moving average of $14.35. The firm has a market cap of $4.67 billion and a P/E ratio of 6.52.
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In other Air Canada news, insider Michael Stewart Rousseau sold 34,992 shares of Air Canada stock in a transaction on Friday, June 9th. The shares were sold at an average price of C$18.00, for a total value of C$629,856.00. Also, insider Arielle Meloul-Wechsler sold 7,064 shares of Air Canada stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of C$17.62, for a total transaction of C$124,467.68. Over the last quarter, insiders sold 115,678 shares of company stock worth $2,073,401.
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. Its mainline operates a fleet of approximately 170 aircraft, including Airbus narrow-body aircraft, over 70 Boeing and Airbus wide-body aircraft, and approximately Embraer 190 regional jets.
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