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

Air Canada (TSE:AC) had its price objective decreased by research analysts at Stifel Nicolaus from C$28.00 to C$26.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ target price would suggest a potential upside of 49.51% from the stock’s current price.

AC has been the subject of several other research reports. Jefferies Financial Group increased their target price on shares of Air Canada from C$22.00 to C$23.00 in a research note on Monday, January 6th. Citigroup dropped their price objective on shares of Air Canada from C$28.50 to C$26.50 and set a “buy” rating for the company in a report on Monday, December 30th. BMO Capital Markets raised their price objective on shares of Air Canada from C$29.00 to C$31.00 in a report on Wednesday, December 18th. ATB Capital increased their price target on shares of 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. Finally, TD Cowen lifted their price target on shares of Air Canada to C$25.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Air Canada presently has an average rating of “Moderate Buy” and a consensus price target of C$26.20.

Air Canada Stock Performance

Shares of TSE AC traded down C$0.36 during mid-day trading on Tuesday, hitting C$17.39. The company had a trading volume of 4,133,647 shares, compared to its average volume of 3,201,716. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06. The business’s 50-day simple moving average is C$20.99 and its 200-day simple moving average is C$19.37. Air Canada has a 12 month low of C$14.47 and a 12 month high of C$26.18. The firm has a market cap of C$6.20 billion, a P/E ratio of 2.45, a PEG ratio of 0.02 and a beta of 2.39.

Insider Buying and Selling at Air Canada

In related news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the business’s stock in a transaction 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. Insiders own 0.14% of the company’s stock.

About Air Canada

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.