Air Canada (TSE:AC) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Air Canada (TSE:AC) have been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$24.46.

Several research analysts recently issued reports on AC shares. Canaccord Genuity Group cut their target price on Air Canada from C$28.00 to C$25.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Scotiabank dropped their price objective on Air Canada from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 3rd. TD Securities reduced their target price on shares of Air Canada from C$25.00 to C$22.00 in a research note on Friday, September 26th. CIBC lowered their target price on shares of Air Canada from C$24.00 to C$22.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Finally, Royal Bank Of Canada set a C$25.00 price target on shares of Air Canada and gave the company an “outperform” rating in a research report on Tuesday, November 25th.

Air Canada Stock Up 0.2%

Shares of TSE AC opened at C$19.37 on Thursday. Air Canada has a 1 year low of C$12.69 and a 1 year high of C$26.18. The stock has a market capitalization of C$5.74 billion, a P/E ratio of -28.07, a P/E/G ratio of 0.02 and a beta of 1.49. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06. The company has a 50-day moving average price of C$18.37 and a 200-day moving average price of C$19.26.

Air Canada (TSE:AC) last released its quarterly earnings results on Tuesday, November 4th. The company reported C$0.75 earnings per share (EPS) for the quarter. The business had revenue of C$5.77 billion during the quarter. Air Canada had a return on equity of 177.01% and a net margin of 11.57%. On average, equities research analysts forecast that Air Canada will post 2.5789474 EPS for the current fiscal year.

About Air Canada

Air Canada is Canada’s largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.