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

Air Canada (TSE:AC) has been given an average rating of “Moderate Buy” by the fifteen analysts that are presently covering the stock, Marketbeat reports. Two investment 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 target price among analysts that have covered the stock in the last year is C$26.50.

Several equities research analysts have recently issued reports on the company. CIBC raised their price objective on Air Canada from C$27.00 to C$28.00 in a research note on Wednesday, December 4th. ATB Capital raised their price target on Air Canada from C$28.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Wednesday. Citigroup lifted their price objective on shares of Air Canada from C$21.00 to C$28.50 in a research note on Monday, November 18th. Stifel Nicolaus raised shares of Air Canada from a “hold” rating to a “buy” rating and increased their target price for the company from C$20.00 to C$25.50 in a research note on Monday, November 4th. Finally, BMO Capital Markets raised their target price on shares of Air Canada from C$29.00 to C$31.00 in a report on Wednesday.

Air Canada Trading Down 4.5 %

Shares of AC stock opened at C$21.58 on Thursday. The stock has a market capitalization of C$7.74 billion, a price-to-earnings ratio of 4.82, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The stock’s 50-day moving average price is C$22.03 and its 200-day moving average price is C$18.49. 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. Air Canada has a 12-month low of C$14.47 and a 12-month high of C$26.18.

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.