<div id="readability-page-1"><p><span>Air Canada (TSE:AC - Get Free Report)</span> was downgraded by research analysts at Jefferies Financial Group from a &#34;hold&#34; rating to an &#34;underperform&#34; rating in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. They presently have a C$12.00 target price on the stock, down from their previous target price of C$18.00. Jefferies Financial Group's price target suggests a potential downside of 16.38% from the company's current price.</p><ul><li>Aurora Cannabis Earnings Reveal a Turning Tide for the Stock</li></ul><p>A number of other equities research analysts have also recently issued reports on AC. BMO Capital Markets increased their target price on shares of Air Canada from C$29.00 to C$31.00 in a research report on Wednesday, December 18th. CIBC reduced their price objective on Air Canada from C$28.00 to C$24.00 in a research note on Tuesday, February 18th. JPMorgan Chase &amp; Co. cut shares of Air Canada from an &#34;overweight&#34; rating to a &#34;neutral&#34; rating and lowered their price objective for the company from C$34.00 to C$24.00 in a research report on Monday, March 3rd. ATB Capital boosted their price objective on shares of Air Canada from C$28.00 to C$31.00 and gave the stock an &#34;outperform&#34; rating in a research report on Wednesday, December 18th. Finally, Raymond James raised Air Canada to a &#34;moderate buy&#34; rating in a report on Tuesday, December 17th. One investment analyst  has rated the stock with a sell rating, two have assigned  a hold rating, nine have issued  a buy rating and one  has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of C$24.80.</p><p><b>Get Our Latest Stock Analysis on AC</b></p><h2>Air Canada Price Performance</h2><ul><li>How to invest in airline stocks</li></ul><p>Shares of TSE:AC traded up C$0.18 during midday trading on Tuesday, reaching C$14.35. 2,745,957 shares of the company's stock were exchanged, compared to its average volume of 3,370,722. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. The company's 50 day simple moving average is C$17.13 and its two-hundred day simple moving average is C$19.41. The firm has a market capitalization of C$5.12 billion, a PE ratio of 2.02, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. Air Canada has a 12 month low of C$13.62 and a 12 month high of C$26.18. </p><h2>Insiders Place Their Bets</h2><p>In other Air Canada news, Director Vagn Sorensen bought 11,440 shares of the stock in a transaction dated Wednesday, February 19th. The shares were bought at an average cost of C$17.40 per share, with a total value of C$199,057.14. Also, Senior Officer Craig Landry purchased 13,644 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of C$16.75 per share, with a total value of C$228,546.55. Insiders own  0.14% of the company's stock. </p><h2>Air Canada Company Profile</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Air Canada</li><li>What Investors Need to Know to Beat the Market</li><li>D-Wave: Multiple Use Cases Emerge Following Quantum Supremacy</li><li>What is Put Option Volume?</li><li>Amazon Falls Back to a Key Support Line: Here's How to Play It</li><li>How to Use High Beta Stocks to Maximize Your Investing Profits</li><li>Buffett Trims Equities, But Still Keeps Buying This Stock  </li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PVRTRSZTeW1ib2w9QUM?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PVRTRSZTeW1ib2w9QUM"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Air Canada Right Now?</h2><p>Before you consider Air Canada, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Air Canada wasn't on the list.</p><p>While Air Canada currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Jefferies Financial Group has downgraded Air Canada (TSE:AC) from a "hold" to an "underperform" rating, reducing the price target from C$18.00 to C$12.00, indicating a potential downside of 16.38%. Other analysts have varied opinions, with some raising their targets while others have lowered them. Currently, Air Canada has a consensus rating of "Moderate Buy" with an average price target of C$24.80. The stock traded at C$14.35, with a market cap of C$5.12 billion and a PE ratio of 2.02.</p>

Jefferies Financial Group Downgrades Air Canada (TSE:AC) to Underperform