Air Canada (TSE:AC – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$23.79.
Several analysts have issued reports on the company. National Bankshares cut their price target on Air Canada from C$28.00 to C$24.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Jefferies Financial Group cut their price objective on Air Canada from C$19.00 to C$16.00 and set a “hold” rating for the company in a research note on Monday, August 12th. Raymond James decreased their target price on shares of Air Canada from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 23rd. Cormark reduced their price objective on shares of Air Canada from C$25.50 to C$21.25 in a research note on Tuesday, July 23rd. Finally, ATB Capital lowered their target price on shares of Air Canada from C$28.00 to C$27.00 in a research note on Thursday, August 8th.
View Our Latest Analysis on AC
Air Canada Trading Down 1.4 %
Insider Buying and Selling
In other news, Senior Officer Christophe Hennebelle bought 1,900 shares of the stock in a transaction dated Friday, August 9th. The stock was purchased at an average cost of C$15.70 per share, for a total transaction of C$29,830.00. 0.17% of the stock is owned by company insiders.
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.
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