Air Canada (TSE:AC) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Air Canada (TSE:AC) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$25.20.

A number of brokerages have recently weighed in on AC. Cormark boosted their price target on Air Canada from C$26.75 to C$29.50 in a report on Wednesday, December 18th. Citigroup lowered 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 note on Monday, December 30th. Stifel Nicolaus reduced their price target on shares of Air Canada from C$28.00 to C$26.00 in a research report on Tuesday, February 18th. Jefferies Financial Group decreased their price target on shares of Air Canada from C$23.00 to C$18.00 in a report on Monday, February 24th. Finally, Raymond James upgraded shares of Air Canada to a “moderate buy” rating in a research note on Tuesday, December 17th.

Insider Activity

In related news, Senior Officer Craig Landry acquired 13,644 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was bought at an average price of C$16.75 per share, for a total transaction of C$228,546.55. Also, Director Vagn Sorensen acquired 11,440 shares of Air Canada stock in a transaction dated Wednesday, February 19th. The shares were bought at an average cost of C$17.40 per share, with a total value of C$199,057.14. Insiders own 0.14% of the company’s stock.

Air Canada Stock Performance

Air Canada stock opened at C$14.13 on Friday. Air Canada has a 52 week low of C$14.12 and a 52 week high of C$26.18. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. The stock has a market cap of C$5.04 billion, a P/E ratio of 1.99, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The stock has a 50 day moving average of C$17.26 and a 200-day moving average of C$19.42.

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.