Air Canada (TSE:AC – Get Rating) had its price objective lifted by JPMorgan Chase & Co. from C$29.00 to C$40.00 in a research report sent to investors on Monday, BayStreet.CA reports.

A number of other research analysts also recently weighed in on AC. Cormark decreased their price target on Air Canada from C$25.00 to C$20.00 and set a hold rating for the company in a research note on Wednesday, August 3rd. ATB Capital lifted their target price on Air Canada from C$30.00 to C$32.00 and gave the stock a buy rating in a research note on Wednesday, August 3rd. National Bankshares reduced their target price on Air Canada from C$31.00 to C$30.00 and set an outperform rating for the company in a research note on Thursday, July 7th. Canaccord Genuity Group upgraded Air Canada to a buy rating and set a C$23.00 target price for the company in a research note on Tuesday, July 12th. Finally, Scotiabank reduced their price target on Air Canada from C$31.00 to C$26.00 in a research note on Tuesday, June 28th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of C$28.19.

Air Canada Stock Up 4.0 %

AC stock opened at C$19.13 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.15 and a debt-to-equity ratio of 183,588.89. The business has a 50 day moving average price of C$17.89 and a two-hundred day moving average price of C$20.01. The company has a market cap of C$6.85 billion and a price-to-earnings ratio of -2.09. Air Canada has a twelve month low of C$15.57 and a twelve month high of C$26.80.

Insider Activity

In other Air Canada news, Senior Officer Pierre Houle sold 2,387 shares of the stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of C$19.23, for a total value of C$45,902.01. Following the sale, the insider now directly owns 2,903 shares of the company's stock, valued at approximately C$55,824.69. In related news, Senior Officer Mark Youssef Nasr bought 5,378 shares of the stock in a transaction dated Thursday, September 1st. The stock was acquired at an average price of C$18.19 per share, for a total transaction of C$97,825.82. Following the acquisition, the insider now owns 8,350 shares in the company, valued at approximately C$151,886.50. Also, Senior Officer Pierre Houle sold 2,387 shares of the company's stock in a transaction on Thursday, September 15th. The shares were sold at an average price of C$19.23, for a total transaction of C$45,902.01. Following the completion of the transaction, the insider now owns 2,903 shares of the company's stock, valued at approximately C$55,824.69.

About Air Canada

(Get Rating)

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations 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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