Air Canada (TSE:AC) Receives Average Recommendation of “Moderate Buy” from Analysts

Air Canada (TSE:AC) has received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$23.39.

A number of analysts have commented on the company. JPMorgan Chase & Co. decreased their price objective on Air Canada from C$27.00 to C$23.00 in a report on Monday, May 4th. Canadian Imperial Bank of Commerce decreased their price objective on Air Canada from C$25.00 to C$22.00 in a report on Wednesday, April 8th. TD decreased their price objective on Air Canada from C$23.00 to C$21.00 in a report on Monday, April 20th. Royal Bank Of Canada decreased their price objective on Air Canada from C$25.00 to C$22.00 in a report on Monday, April 13th. Finally, BMO Capital Markets decreased their price objective on Air Canada from C$27.00 to C$26.00 in a report on Tuesday, March 31st.

Air Canada Stock Performance

Shares of AC opened at C$23.55 on Monday. The company has a debt-to-equity ratio of 452.24, a quick ratio of 1.06 and a current ratio of 0.60. The stock has a 50 day moving average price of C$20.17 and a two-hundred day moving average price of C$19.49. The firm has a market capitalization of C$6.76 billion, a P/E ratio of 9.73, a P/E/G ratio of 0.02 and a beta of 2.08. Air Canada has a 52 week low of C$16.45 and a 52 week high of C$24.25.

Air Canada (TSE:AC) last issued its quarterly earnings data on Thursday, April 30th. The company reported C($0.05) 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 analysts forecast that Air Canada will post 2.5789474 earnings per share for the current fiscal year.

Air Canada Company Profile

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.