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

Air Canada (TSE:AC) has been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$26.60.

AC has been the subject of several analyst reports. National Bankshares upped their target price on Air Canada from C$22.00 to C$27.00 in a research report on Monday, November 4th. ATB Capital upped their price target on Air Canada from C$28.00 to C$31.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their price objective on shares of Air Canada from C$32.00 to C$34.00 in a research note on Monday, November 4th. Stifel Canada raised shares of Air Canada from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 3rd. Finally, TD Cowen lifted their price target on shares of Air Canada to C$25.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th.

Insiders Place Their Bets

In other news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of Air Canada stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of C$21.71, for a total value of C$130,246.80. 0.14% of the stock is currently owned by company insiders.

Air Canada Stock Up 0.2 %

Shares of Air Canada stock opened at C$20.45 on Monday. Air Canada has a twelve month low of C$14.47 and a twelve month high of C$26.18. The stock has a market cap of C$7.33 billion, a price-to-earnings ratio of 4.56, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99. The company has a fifty day moving average price of C$23.29 and a 200 day moving average price of C$19.15.

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.