Scotiabank Increases Air Canada (TSE:AC) Price Target to C$27.00

Air Canada (TSE:AC) had its price objective raised by research analysts at Scotiabank from C$26.50 to C$27.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 27.18% from the stock’s current price.

A number of other analysts also recently issued reports on AC. National Bank Financial raised their price objective on Air Canada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 14th. Royal Bank Of Canada set a C$25.00 price target on shares of Air Canada and gave the company an “outperform” rating in a research report on Tuesday, November 25th. UBS Group raised shares of Air Canada to a “hold” rating in a research note on Tuesday, November 18th. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of Air Canada from C$23.00 to C$24.00 in a research report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.85.

Air Canada Stock Up 3.4%

TSE AC opened at C$21.23 on Tuesday. The business has a fifty day moving average price of C$19.58 and a 200 day moving average price of C$19.02. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. The company has a market cap of C$6.25 billion, a P/E ratio of 11.41, a P/E/G ratio of 0.02 and a beta of 1.59. Air Canada has a one year low of C$12.69 and a one year high of C$23.72.

Air Canada Company Profile

Air Canada is Canada’s largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.