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

Shares of Air Canada (TSE:AC) have earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$25.04.

A number of research analysts have recently issued reports on AC shares. Royal Bank Of Canada lifted their price objective on shares of Air Canada from C$22.00 to C$28.00 and gave the company an “outperform” rating in a report on Monday, June 29th. BMO Capital Markets upped their target price on shares of Air Canada from C$26.00 to C$30.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. dropped their price target on shares of Air Canada from C$27.00 to C$23.00 in a research report on Monday, May 4th. ATB Cormark Capital Markets cut their price target on Air Canada from C$33.00 to C$32.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Finally, TD decreased their price objective on Air Canada from C$23.00 to C$21.00 in a report on Monday, April 20th.

Air Canada Stock Up 0.8%

Shares of Air Canada stock opened at C$23.24 on Friday. Air Canada has a one year low of C$16.45 and a one year high of C$25.50. The company has a debt-to-equity ratio of 452.24, a current ratio of 0.60 and a quick ratio of 1.05. The stock’s 50-day moving average is C$22.28 and its 200 day moving average is C$20.20. The firm has a market cap of C$6.85 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 0.02 and a beta of 2.00.

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