Other research analysts also recently issued research reports about the company. Macquarie raised Air Canada from a neutral rating to an outperform rating and increased their price target for the company from C$28.00 to C$35.00 in a research note on Tuesday, February 20th. National Bank Financial reissued an outperform market weight rating on shares of Air Canada in a research note on Sunday, January 14th. TD Securities increased their price target on Air Canada from C$34.00 to C$36.00 and gave the company an action list buy rating in a research note on Wednesday, February 21st. CIBC increased their price target on Air Canada from C$36.00 to C$38.00 in a research note on Thursday, January 4th. Finally, Scotiabank raised Air Canada from a sector perform rating to an outperform rating and raised their price objective for the stock from C$29.25 to C$32.00 in a research note on Tuesday, February 20th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of C$32.45.
Air Canada stock traded up C$1.21 during midday trading on Tuesday, reaching C$29.00. The company had a trading volume of 1,839,070 shares, compared to its average volume of 1,359,288. Air Canada has a 1-year low of C$12.49 and a 1-year high of C$29.11. The company has a market cap of $7,680.00, a price-to-earnings ratio of 3.93 and a beta of 0.74.
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About Air Canada
Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Express and Air Canada Rouge brand name 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.
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