Air Canada (TSE:AC) Given Average Recommendation of “Moderate Buy” by Brokerages

Air Canada (TSE:AC) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$24.42.

AC has been the topic of a number of research reports. UBS Group raised shares of Air Canada to a “hold” rating in a research note on Tuesday, November 18th. Scotiabank lifted their price objective on Air Canada from C$25.00 to C$26.50 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce raised their target price on Air Canada from C$23.00 to C$24.00 in a research note on Wednesday, January 21st. 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. Finally, National Bank Financial lifted their target price on shares of Air Canada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 14th.

Air Canada Stock Performance

TSE:AC opened at C$20.25 on Tuesday. The company has a market cap of C$5.96 billion, a P/E ratio of 10.89, a P/E/G ratio of 0.02 and a beta of 1.59. Air Canada has a twelve month low of C$12.69 and a twelve month high of C$23.72. The company’s 50-day moving average price is C$19.49 and its 200-day moving average price is C$18.99. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00.

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.