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

Shares of Air Canada (TSE:AC) have received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$26.60.

A number of brokerages recently weighed in on AC. Stifel Nicolaus upped their price objective on Air Canada from C$25.50 to C$28.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. CIBC raised their price target on shares of Air Canada from C$27.00 to C$28.00 in a report on Wednesday, December 4th. TD Cowen increased their target price on shares of Air Canada to C$25.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Stifel Canada upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 3rd. Finally, Jefferies Financial Group upped their price target on Air Canada from C$22.00 to C$23.00 in a research report on Monday, January 6th.

Insider Activity

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

Air Canada Stock Performance

Shares of Air Canada stock opened at C$21.91 on Monday. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,070.99. The stock’s fifty day moving average is C$23.46 and its two-hundred day moving average is C$19.03. Air Canada has a 52 week low of C$14.47 and a 52 week high of C$26.18. The company has a market capitalization of C$7.85 billion, a PE ratio of 4.89, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39.

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.