Air Canada (TSE:AC) Given Average Rating of “Moderate Buy” by Analysts

Air Canada (TSE:AC) has been given an average rating of “Moderate Buy” by the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$23.39.

AC has been the subject of several research analyst reports. ATB Cormark Capital Markets lowered their price objective on shares of Air Canada from C$33.00 to C$32.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Jefferies Financial Group raised their price objective on shares of Air Canada from C$17.00 to C$19.00 in a report on Tuesday, March 31st. BMO Capital Markets lowered their price objective on shares of Air Canada from C$27.00 to C$26.00 in a report on Tuesday, March 31st. Royal Bank Of Canada lowered their price objective on shares of Air Canada from C$25.00 to C$22.00 in a report on Monday, April 13th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Air Canada from C$27.00 to C$23.00 in a research note on Monday, May 4th.

Air Canada Stock Performance

Shares of AC opened at C$21.97 on Thursday. The company has a debt-to-equity ratio of 452.24, a current ratio of 0.60 and a quick ratio of 1.06. Air Canada has a one year low of C$16.45 and a one year high of C$23.72. The company has a 50-day simple moving average of C$18.81 and a two-hundred day simple moving average of C$19.08. The firm has a market capitalization of C$6.31 billion, a PE ratio of 9.08, a price-to-earnings-growth ratio of 0.02 and a beta of 1.63.

Air Canada (TSE:AC) last issued its quarterly earnings data on Thursday, April 30th. The company reported C($0.05) EPS for the quarter. Air Canada had a return on equity of 34.23% and a net margin of 3.46%.The company had revenue of C$5.79 billion during the quarter. On average, analysts anticipate that Air Canada will post 2.5789474 EPS for the current fiscal year.

About Air Canada

Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Headquartered in Montréal, Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, with more than 10 million members worldwide. Members can earn or redeem points on the world’s largest airline partner network of more than 50 airlines, plus through an extensive range of merchandise, hotel and car rental partners.