Air Canada (TSE:AC) Given Consensus Rating of “Moderate Buy” by Brokerages

Air Canada (TSE:AC) has earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$25.75.

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus raised Air Canada from a “hold” rating to a “buy” rating and raised their target price for the stock from C$20.00 to C$25.50 in a research report on Monday, November 4th. CIBC raised their price objective on shares of Air Canada from C$25.00 to C$27.00 in a report on Monday, November 4th. Canaccord Genuity Group upped their target price on shares of Air Canada from C$25.00 to C$29.00 in a report on Monday, November 4th. BMO Capital Markets lifted their price target on shares of Air Canada from C$28.00 to C$29.00 in a research note on Monday, November 4th. Finally, Citigroup upped their price objective on shares of Air Canada from C$21.00 to C$28.50 in a research note on Monday, November 18th.

Air Canada Stock Up 1.0 %

AC stock opened at C$24.20 on Friday. The company’s 50 day moving average price is C$19.09 and its 200 day moving average price is C$17.81. The firm has a market capitalization of C$8.68 billion, a price-to-earnings ratio of 5.40, a PEG ratio of 0.02 and a beta of 2.39. Air Canada has a fifty-two week low of C$14.47 and a fifty-two week high of C$24.99. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85.

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.