Air Canada (TSE:AC) Given New C$25.00 Price Target at National Bank Financial

Air Canada (TSE:AC) had its price target lifted by National Bank Financial from C$24.00 to C$25.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price points to a potential upside of 22.55% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. 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 note on Tuesday, November 25th. Stifel Nicolaus increased their target price on Air Canada from C$24.00 to C$28.00 and gave the stock a “buy” rating in a research report on Tuesday. UBS Group upgraded Air Canada to a “hold” rating in a research report on Tuesday, November 18th. Raymond James Financial lowered Air Canada from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Finally, Scotiabank raised their target price on Air Canada from C$26.50 to C$27.00 and gave the stock an “outperform” rating in a research note on Tuesday. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$24.85.

Air Canada Stock Performance

AC traded up C$0.15 during trading hours on Tuesday, hitting C$20.40. The stock had a trading volume of 1,708,528 shares, compared to its average volume of 2,568,620. Air Canada has a 1 year low of C$12.69 and a 1 year high of C$23.72. The company’s fifty day simple moving average is C$19.49 and its 200 day simple moving average is C$18.99. The stock has a market cap of C$6.01 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 0.02 and a beta of 1.59. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00.

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.