Air Canada (TSE:AC) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Air Canada (TSE:AC) had its price objective hoisted by Jefferies Financial Group from C$17.00 to C$19.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s price target points to a potential upside of 0.90% from the company’s current price.

AC has been the topic of a number of other research reports. Canaccord Genuity Group lowered shares of Air Canada from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$28.00 to C$21.00 in a research report on Friday, March 13th. Stifel Nicolaus lifted their target price on shares of Air Canada from C$24.00 to C$28.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. National Bank Financial upped their price target on shares of Air Canada from C$24.00 to C$25.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Scotiabank lowered shares of Air Canada from an “outperform” rating to a “hold” rating and lowered their price target for the company from C$27.00 to C$21.00 in a research report on Tuesday, March 10th. Finally, Canadian Imperial Bank of Commerce raised their price objective on shares of Air Canada from C$23.00 to C$24.00 in a research note on Wednesday, January 21st. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Air Canada presently has an average rating of “Moderate Buy” and an average target price of C$24.58.

Air Canada Trading Up 3.9%

TSE AC opened at C$18.83 on Tuesday. The company has a debt-to-equity ratio of 446.78, a quick ratio of 1.06 and a current ratio of 0.56. Air Canada has a one year low of C$12.69 and a one year high of C$23.72. The firm’s fifty day moving average is C$19.13 and its two-hundred day moving average is C$18.87. The firm has a market cap of C$5.55 billion, a PE ratio of 10.12, a P/E/G ratio of 0.02 and a beta of 1.56.

About Air Canada

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.