Air Canada (TSE:AC) Given New C$18.00 Price Target at Jefferies Financial Group

Air Canada (TSE:AC) had its target price dropped by analysts at Jefferies Financial Group from C$23.00 to C$18.00 in a note issued to investors on Monday,BayStreet.CA reports. Jefferies Financial Group’s price objective would suggest a potential upside of 4.41% from the stock’s current price.

A number of other brokerages have also recently commented on AC. TD Cowen raised their price objective on Air Canada to C$25.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Stifel Nicolaus reduced their price target on shares of Air Canada from C$28.00 to C$26.00 in a research report on Tuesday, February 18th. Citigroup lowered their price objective on shares of Air Canada from C$28.50 to C$26.50 and set a “buy” rating on the stock in a report on Monday, December 30th. Cormark boosted their target price on shares of Air Canada from C$26.75 to C$29.50 in a research report on Wednesday, December 18th. Finally, ATB Capital lifted their price target on Air Canada from C$28.00 to C$31.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$25.87.

Air Canada Trading Up 2.4 %

Shares of Air Canada stock traded up C$0.40 on Monday, hitting C$17.24. 1,608,454 shares of the company’s stock traded hands, compared to its average volume of 3,189,608. The company has a market capitalization of C$6.15 billion, a price-to-earnings ratio of 2.43, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a fifty day moving average of C$20.36 and a two-hundred day moving average of C$19.42. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06. Air Canada has a one year low of C$14.47 and a one year high of C$26.18.

Insider Buying and Selling at Air Canada

In related news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$21.71, for a total value of C$130,246.80. Also, Director Vagn Sorensen bought 11,440 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was bought at an average cost of C$17.40 per share, with a total value of C$199,057.14. Company insiders own 0.14% of the company’s stock.

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.