Air Canada (TSE:AC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Air Canada (TSE:AC) have been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$30.12.

AC has been the topic of several research reports. BMO Capital Markets restated a “buy” rating and issued a C$32.00 price target on shares of Air Canada in a research report on Tuesday, February 20th. National Bankshares reduced their target price on shares of Air Canada from C$31.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Canaccord Genuity Group lifted their price objective on Air Canada from C$31.00 to C$32.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. TD Securities dropped their price objective on shares of Air Canada from C$34.00 to C$33.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Finally, JPMorgan Chase & Co. lifted their price target on Air Canada from C$38.00 to C$41.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd.

Air Canada Trading Down 1.6 %

Shares of AC stock opened at C$18.53 on Wednesday. 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 cap of C$6.64 billion, a price-to-earnings ratio of 3.11, a PEG ratio of 0.02 and a beta of 2.42. Air Canada has a 1 year low of C$16.04 and a 1 year high of C$26.04. The firm has a fifty day moving average price of C$19.02 and a 200-day moving average price of C$18.45.

Air Canada (TSE:AC) last posted its quarterly earnings results on Friday, February 16th. The company reported C($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.07). The business had revenue of C$5.18 billion for the quarter, compared to analyst estimates of C$5.05 billion. As a group, equities analysts predict that Air Canada will post 2.9024768 earnings per share for the current year.

Insider Buying and Selling

In related news, Senior Officer Mark Youssef Nasr bought 2,406 shares of the 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 company 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.