Stifel Nicolaus Issues Positive Forecast for Air Canada (TSE:AC) Stock Price

Air Canada (TSE:AC) had its price target raised by Stifel Nicolaus from C$25.50 to C$28.00 in a research report report published on Friday morning,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on the company. CIBC raised their price target on Air Canada from C$27.00 to C$28.00 in a research note on Wednesday, December 4th. TD Cowen raised their price objective on shares of Air Canada to C$25.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Stifel Canada raised shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 3rd. BMO Capital Markets increased their price target on shares of Air Canada from C$29.00 to C$31.00 in a research note on Wednesday. Finally, Raymond James raised shares of Air Canada to a “moderate buy” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$26.67.

Air Canada Trading Up 1.1 %

TSE AC opened at C$21.96 on Friday. The firm’s 50 day moving average price is C$22.25 and its two-hundred day moving average price is C$18.53. The stock has a market cap of C$7.87 billion, a price-to-earnings ratio of 4.90, a PEG ratio of 0.02 and a beta of 2.39. Air Canada has a twelve month low of C$14.47 and a twelve month high of C$26.18. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85.

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.