Air Canada (TSE:AC) Receives Average Recommendation of “Hold” from Brokerages

Shares of Air Canada (TSE:AC) have earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$24.50.

A number of research firms recently weighed in on AC. Raymond James Financial cut shares of Air Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce boosted their target price on shares of Air Canada from C$23.00 to C$24.00 in a research note on Wednesday, January 21st. Royal Bank Of Canada set a C$25.00 target price on shares of Air Canada and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Canaccord Genuity Group lowered shares of Air Canada from a “buy” rating to a “hold” rating and dropped their price target for the company from C$28.00 to C$21.00 in a research note on Friday, March 13th. Finally, National Bank Financial lifted their price target on Air Canada from C$24.00 to C$25.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th.

Air Canada Price Performance

Shares of TSE AC opened at C$17.58 on Friday. The company has a debt-to-equity ratio of 446.78, a current ratio of 0.56 and a quick ratio of 1.06. The firm has a market capitalization of C$5.18 billion, a PE ratio of 9.45, a P/E/G ratio of 0.02 and a beta of 1.56. Air Canada has a 1-year low of C$12.69 and a 1-year high of C$23.72. The business’s fifty day moving average price is C$19.42 and its two-hundred day moving average price is C$18.95.

Air Canada Company Profile

Air Canada is Canada’s largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.