Air Canada (TSE:AC) PT Lowered to C$27.00 at ATB Capital

Air Canada (TSE:AC) had its price objective decreased by ATB Capital from C$28.00 to C$27.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports.

Other research analysts have also issued reports about the stock. BMO Capital Markets decreased their target price on shares of Air Canada from C$33.00 to C$28.00 and set an outperform rating on the stock in a research note on Wednesday, July 24th. CIBC reduced their price objective on Air Canada from C$28.00 to C$25.00 and set an outperform rating on the stock in a research report on Tuesday, July 23rd. Jefferies Financial Group lowered their price objective on Air Canada from C$20.00 to C$19.00 in a research note on Thursday, June 20th. TD Securities cut their target price on Air Canada from C$25.00 to C$19.00 in a research note on Wednesday, July 24th. Finally, National Bankshares lowered their price target on shares of Air Canada from C$28.00 to C$24.00 and set an outperform rating on the stock in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of C$24.59.

Air Canada Price Performance

TSE AC traded up C$0.28 during mid-day trading on Thursday, hitting C$15.62. The stock had a trading volume of 1,633,808 shares, compared to its average volume of 2,238,894. The firm’s 50 day moving average is C$17.00 and its 200 day moving average is C$18.14. The company has a debt-to-equity ratio of 1,767.66, a current ratio of 0.85 and a quick ratio of 1.06. The stock has a market capitalization of C$5.60 billion, a price-to-earnings ratio of 2.68, a PEG ratio of 0.02 and a beta of 2.40. Air Canada has a twelve month low of C$14.47 and a twelve month high of C$23.83.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.