Air Canada (TSE:AC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Air Canada (TSE:AC) has received an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research 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 12 month price objective among brokers that have issued ratings on the stock in the last year is C$24.42.

A number of equities analysts recently weighed in on AC shares. BMO Capital Markets decreased their price target on Air Canada from C$28.00 to C$27.00 in a research report on Thursday, October 9th. National Bankshares upped their price objective on shares of Air Canada from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. Stifel Nicolaus decreased their target price on shares of Air Canada from C$25.00 to C$24.00 and set a “buy” rating for the company in a report on Friday, September 26th. TD Securities dropped their target price on shares of Air Canada from C$25.00 to C$22.00 in a research report on Friday, September 26th. Finally, Canaccord Genuity Group reduced their price target on shares of Air Canada from C$28.00 to C$25.00 and set a “buy” rating for the company in a research report on Thursday, September 25th.

Air Canada Trading Up 0.1%

Air Canada stock opened at C$19.47 on Friday. The firm has a market cap of C$5.77 billion, a price-to-earnings ratio of -28.22, a price-to-earnings-growth ratio of 0.02 and a beta of 1.75. Air Canada has a 1 year low of C$12.69 and a 1 year high of C$23.72. The firm’s 50 day moving average price is C$19.07 and its two-hundred day moving average price is C$19.23. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92.

Air Canada (TSE:AC) last released its quarterly earnings data on Tuesday, November 4th. The company reported C$0.75 earnings per share 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, research analysts predict 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.