Air Canada (AC) – Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Air Canada (TSE: AC) in the last few weeks:

• 12/30/2024 – Air Canada had its price target lowered by analysts at Citigroup Inc. from C$28.50 to C$26.50. They now have a “buy” rating on the stock.
• 12/20/2024 – Air Canada had its price target raised by analysts at Stifel Nicolaus from C$25.50 to C$28.00. They now have a “buy” rating on the stock.
• 12/18/2024 – Air Canada had its price target raised by analysts at Scotiabank from C$26.50 to C$29.00. They now have an “outperform” rating on the stock.
• 12/18/2024 – Air Canada had its price target raised by analysts at ATB Capital from C$28.00 to C$31.00. They now have an “outperform” rating on the stock.
• 12/18/2024 – Air Canada had its price target raised by analysts at Cormark from C$26.75 to C$29.50.
• 12/18/2024 – Air Canada had its price target raised by analysts at BMO Capital Markets from C$29.00 to C$31.00.
• 12/17/2024 – Air Canada was upgraded by analysts at Raymond James to a “moderate buy” rating.
• 12/4/2024 – Air Canada had its price target raised by analysts at CIBC from C$27.00 to C$28.00.
• 11/18/2024 – Air Canada had its price target raised by analysts at Citigroup Inc. from C$21.00 to C$28.50.
• 11/6/2024 – Air Canada had its price target raised by analysts at TD Cowen to C$25.00. They now have a “buy” rating on the stock.
• 11/5/2024 – Air Canada had its price target raised by analysts at Jefferies Financial Group Inc. from C$18.00 to C$22.00.
• 11/4/2024 – Air Canada was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a C$25.50 price target on the stock, up previously from C$20.00.
• 11/4/2024 – Air Canada had its price target raised by analysts at ATB Capital from C$26.50 to C$28.00.
• 11/4/2024 – Air Canada had its price target raised by analysts at BMO Capital Markets from C$28.00 to C$29.00.
• 11/4/2024 – Air Canada had its price target raised by analysts at Canaccord Genuity Group Inc. from C$25.00 to C$29.00.
• 11/4/2024 – Air Canada had its price target raised by analysts at CIBC from C$25.00 to C$27.00.
• 11/4/2024 – Air Canada had its price target raised by analysts at Cormark from C$21.75 to C$26.75.
• 11/4/2024 – Air Canada had its price target raised by analysts at JPMorgan Chase & Co. from C$32.00 to C$34.00.
• 11/4/2024 – Air Canada had its price target raised by analysts at National Bankshares, Inc. from C$22.00 to C$27.00.
• 11/4/2024 – Air Canada had its price target raised by analysts at Scotiabank from C$24.00 to C$26.50.

Air Canada Price Performance

TSE AC traded down C$0.01 on Friday, reaching C$22.33. The company’s stock had a trading volume of 3,839,927 shares, compared to its average volume of 2,955,603. The firm has a market cap of C$8.01 billion, a PE ratio of 4.98, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99. Air Canada has a 52 week low of C$14.47 and a 52 week high of C$26.18. The business has a 50-day moving average price of C$23.15 and a 200 day moving average price of C$18.83.

Insider Buying and Selling

In other news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of C$21.71, for a total transaction of C$130,246.80. 0.14% of the stock is currently owned by corporate insiders.

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.