Air Canada (TSE:AC) Given Average Rating of “Moderate Buy” by Analysts

Shares of Air Canada (TSE:AC) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$26.60.

A number of analysts have recently issued reports on AC shares. JPMorgan Chase & Co. raised their price target on shares of Air Canada from C$32.00 to C$34.00 in a report on Monday, November 4th. Citigroup cut their target price on shares of Air Canada from C$28.50 to C$26.50 and set a “buy” rating for the company in a research report on Monday, December 30th. BMO Capital Markets increased their price target on Air Canada from C$29.00 to C$31.00 in a report on Wednesday, December 18th. Canaccord Genuity Group lifted their price objective on Air Canada from C$25.00 to C$29.00 in a report on Monday, November 4th. Finally, CIBC increased their target price on Air Canada from C$27.00 to C$28.00 in a report on Wednesday, December 4th.

Insider Activity

In other news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of C$21.71, for a total transaction of C$130,246.80. Company insiders own 0.14% of the company’s stock.

Air Canada Trading Up 1.7 %

Air Canada stock opened at C$18.04 on Friday. Air Canada has a one year low of C$14.47 and a one year high of C$26.18. The business’s fifty day moving average is C$21.74 and its 200 day moving average is C$19.35. The stock has a market capitalization of C$6.47 billion, a PE ratio of 4.03, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a debt-to-equity ratio of 1,070.99, a current ratio of 0.85 and a quick ratio of 1.06.

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.