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

Air Canada (TSE:AC) has been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$25.20.

Several research firms recently weighed in on AC. Raymond James raised Air Canada to a “moderate buy” rating in a research report on Tuesday, December 17th. Citigroup lowered their target price on Air Canada from C$28.50 to C$26.50 and set a “buy” rating on the stock in a research note on Monday, December 30th. JPMorgan Chase & Co. downgraded Air Canada from an “overweight” rating to a “neutral” rating and lowered their target price for the company from C$34.00 to C$24.00 in a research note on Monday, March 3rd. Stifel Nicolaus lowered their target price on Air Canada from C$28.00 to C$26.00 in a research note on Tuesday, February 18th. Finally, Scotiabank boosted their target price on Air Canada from C$26.50 to C$29.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th.

Air Canada Stock Up 1.8 %

TSE:AC opened at C$16.36 on Tuesday. The firm has a market capitalization of C$5.84 billion, a price-to-earnings ratio of 2.30, a PEG ratio of 0.02 and a beta of 2.39. Air Canada has a 1-year low of C$14.47 and a 1-year high of C$26.18. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. The business’s fifty day moving average price is C$19.20 and its 200 day moving average price is C$19.48.

Insider Transactions at Air Canada

In related news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of C$21.71, for a total transaction of C$130,246.80. Also, Director Vagn Sorensen bought 11,440 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were acquired at an average price of C$17.40 per share, with a total value of C$199,057.14. 0.14% of the stock is currently owned by corporate insiders.

About Air Canada

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.