Air Canada (TSE:AC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Air Canada (TSE:AC) have received an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings 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 twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$23.39.

Several brokerages have issued reports on AC. Stifel Nicolaus decreased their price objective on shares of Air Canada from C$28.00 to C$25.50 and set a “buy” rating for the company in a research note on Tuesday, April 28th. TD decreased their price target on shares of Air Canada from C$23.00 to C$21.00 in a research note on Monday, April 20th. BMO Capital Markets cut their price objective on shares of Air Canada from C$27.00 to C$26.00 in a report on Tuesday, March 31st. Canadian Imperial Bank of Commerce cut their price target on shares of Air Canada from C$25.00 to C$22.00 in a report on Wednesday, April 8th. Finally, National Bank Financial cut their price target on shares of Air Canada from C$25.00 to C$22.00 in a report on Thursday, April 2nd.

Air Canada Stock Down 1.8%

Shares of TSE:AC opened at C$21.40 on Thursday. The company has a current ratio of 0.60, a quick ratio of 1.06 and a debt-to-equity ratio of 452.24. Air Canada has a 12 month low of C$16.45 and a 12 month high of C$23.72. The company has a 50-day moving average price of C$19.23 and a 200 day moving average price of C$19.19. The company has a market cap of C$6.14 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 0.02 and a beta of 2.08.

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