Air Canada (TSE:AC) Receives Average Recommendation of “Buy” from Brokerages
Air Canada (TSE:AC) has been assigned a consensus rating of “Buy” from the fifteen ratings firms that are covering the company. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$15.06.
A number of equities analysts have recently issued reports on AC shares. CIBC increased their price target on shares of Air Canada from C$12.25 to C$14.00 in a report on Tuesday, August 2nd. BMO Capital Markets increased their price target on shares of Air Canada from C$13.00 to C$15.00 and gave the company an “outperform” rating in a report on Wednesday. Royal Bank Of Canada upgraded shares of Air Canada from an “outperform” rating to a “top pick” rating and increased their price target for the company from C$14.00 to C$18.00 in a report on Thursday. CSFB reiterated an “outperform” rating on shares of Air Canada in a report on Thursday, September 29th. Finally, Macquarie dropped their target price on shares of Air Canada from C$10.00 to C$9.00 in a report on Friday, July 22nd.
Air Canada (TSE:AC) traded down 1.52% during trading on Friday, reaching $12.34. 1,706,450 shares of the company were exchanged. The firm has a market capitalization of $3.41 billion and a PE ratio of 5.93. The stock has a 50 day moving average price of $9.56 and a 200 day moving average price of $9.24. Air Canada has a 12 month low of $6.81 and a 12 month high of $12.70.
About Air Canada
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.
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