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TD Securities disclosed Air Canada (TSE:AC), hiking its stock price target to $23.00 today

In a report released on 09/27/2016 TD Securities increased the stock price target of Air Canada (TSE:AC) from $22.00 to $23.00 indicating a possible upside of 1.34%.

Previously on Wednesday August 03, 2016, CIBC World Markets reported on Air Canada (TSE:AC) increased the target price from $12.25 to $14.00. At the time, this indicated a possible upside of 0.58%.

Yesterday Air Canada (TSE:AC) traded 4.92% higher at $9.81. The company’s 50-day moving average is $9.12 and its 200-day moving average is $9.12. The last closing price is up 7.58% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 2,988,315 shares of the stock traded hands, up from an average trading volume of 1,139,690

See Chart Below

Air Canada (TSE:AC)

Air Canada has a price-earnings ratio of 4.71 with a one year low of $6.81 and a one year high of $12.29 The company’s market cap is currently $0.

About Air Canada (TSE:AC)

Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. The Company's mainline operates a fleet of over 170 aircraft, including Airbus narrow-body aircraft, Boeing and Airbus wide-body aircraft, and Embraer 190 regional jets. Air Canada rouge operates a fleet of approximately 40 aircraft, which includes Airbus A319 aircraft, Airbus A321 aircraft and Boeing 767-300 aircraft. The Company offers in-flight wireless fidelity (Wi-Fi) connectivity to its customers on its mainline narrow-body aircraft within North America, including the Airbus A320 and Embraer 190 aircraft, as well as its Air Canada Express Embraer 175 aircraft and Bombardier CRJ-705. It operates approximately 1,580 daily scheduled flights to over 190 direct destinations in approximately five continents.

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