Air Canada Price Target Reduced by Jefferies Financial Group

On February 26, 2025, Air Canada (TSE:AC) saw its price target decreased by analysts at Jefferies Financial Group, who lowered it from C$23.00 to C$18.00 in a recent research note. This new target price suggests a potential upside of 4.71% from the company's closing price prior to the update.

Air Canada has been the focus of various analysts recently. For instance, Cormark raised their price target from C$26.75 to C$29.50 in a report on December 18th. Contrastingly, CIBC reduced their price estimate from C$28.00 to C$24.00 on February 18th. Furthermore, Raymond James upgraded the stock to a 'moderate buy' rating on December 17th. In addition, Canaccord Genuity Group increased their target from C$25.00 to C$29.00 on November 4th, while TD Cowen raised their price objective to C$25.00 and assigned a 'buy' rating on November 6th. As a result, among analysts, there are two hold ratings, nine buy ratings, and one strong buy rating for the stock, leading to an average rating of 'Moderate Buy' with a consensus target price of C$25.87 as per MarketBeat.com.

Air Canada Stock Overview

The stock opened at C$17.19 on Monday, with a 12-month low of C$14.47 and a 12-month high of C$26.18. Key financial metrics reveal a quick ratio of 1.06, current ratio of 0.92, and an outstanding debt-to-equity ratio of 400.00. Presently, Air Canada has a market capitalization of C$6.13 billion, a PE ratio of 2.42, and a price-to-earnings-growth ratio of 0.02, with a beta of 2.39. Its 50-day moving average sits at C$20.09, while the 200-day moving average is at C$19.39.

Trading Activities

Recent insider activities included Senior Officer Arielle Meloul-Wechsler selling 6,000 shares on December 19th at an average price of C$21.71, totaling C$130,246.80. On February 19th, Director Vagn Sorensen purchased 11,440 shares at an average price of C$17.40, amounting to C$199,057.14. Currently, corporate insiders hold 0.14% of the stock.

About Air Canada

Air Canada provides a range of services, including domestic, U.S. transborder, and international airline services. The company operates scheduled passenger services under its Air Canada Vacations and Air Canada Rouge brands, serving various markets in Canada and abroad, as well as through capacity purchase agreements with regional carriers.

AirCanada, Stocks, Finance