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

Shares of Air Canada (TSE:AC) have been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$30.35.

AC has been the topic of a number of research reports. Royal Bank of Canada set a C$18.00 price target on Air Canada and gave the stock a “sector perform” rating in a research note on Thursday, April 4th. Scotiabank dropped their target price on Air Canada from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research report on Thursday, March 28th. National Bankshares set a C$31.00 price target on shares of Air Canada and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Canaccord Genuity Group lifted their price objective on shares of Air Canada from C$31.00 to C$32.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Finally, ATB Capital reduced their target price on shares of Air Canada from C$33.00 to C$32.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th.

Air Canada Price Performance

Shares of AC stock opened at C$18.47 on Friday. The company has a debt-to-equity ratio of 1,741.46, a current ratio of 1.02 and a quick ratio of 1.06. The company has a market capitalization of C$6.62 billion, a PE ratio of 3.10, a price-to-earnings-growth ratio of 0.02 and a beta of 2.40. The firm’s 50-day moving average is C$18.64 and its two-hundred day moving average is C$18.33. Air Canada has a 12 month low of C$16.04 and a 12 month high of C$26.04.

Air Canada (TSE:AC) last posted its earnings results on Friday, February 16th. The company reported C($0.12) EPS for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.07). The business had revenue of C$5.18 billion during the quarter, compared to the consensus estimate of C$5.05 billion. Analysts predict that Air Canada will post 2.9565217 earnings per share for the current year.

Insider Activity at Air Canada

In other Air Canada news, Senior Officer Mark Youssef Nasr bought 2,406 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was acquired at an average price of C$18.21 per share, for a total transaction of C$43,823.37. 0.17% of the stock is owned by insiders.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.