Air Canada (TSE:AC) Receives Average Recommendation of “Moderate Buy” from Analysts

Air Canada (TSE:AC) has been given an average rating of “Moderate Buy” by the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$23.75.

Several equities analysts have weighed in on the company. ATB Capital lowered their target price on Air Canada from C$27.00 to C$26.50 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. National Bankshares lowered their price objective on shares of Air Canada from C$24.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 25th. Cormark cut their target price on shares of Air Canada from C$25.50 to C$21.25 in a research report on Tuesday, July 23rd. Royal Bank of Canada decreased their target price on shares of Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 23rd. Finally, BMO Capital Markets dropped their price target on shares of Air Canada from C$33.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th.

Insider Transactions at Air Canada

In other Air Canada news, Senior Officer Christophe Hennebelle purchased 1,900 shares of the stock in a transaction on Friday, August 9th. The stock was bought at an average cost of C$15.70 per share, for a total transaction of C$29,830.00. Insiders own 0.14% of the company’s stock.

Air Canada Stock Up 1.0 %

Air Canada stock opened at C$16.42 on Friday. Air Canada has a 52 week low of C$14.47 and a 52 week high of C$20.47. The stock has a market cap of C$5.89 billion, a price-to-earnings ratio of 3.67, a PEG ratio of 0.02 and a beta of 2.39. The company’s 50-day moving average price is C$15.73 and its two-hundred day moving average price is C$17.49. 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 (TSE:AC) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.98 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.85 by C$0.13. Air Canada had a net margin of 7.92% and a return on equity of 603.77%. The company had revenue of C$5.52 billion during the quarter, compared to the consensus estimate of C$5.55 billion. On average, analysts expect that Air Canada will post 2.8191126 EPS for the current fiscal year.

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.