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

Air Canada (TSE:AC) has received an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$23.70.

AC has been the topic of several recent research reports. TD Securities dropped their price objective on shares of Air Canada from C$25.00 to C$19.00 in a research note on Wednesday, July 24th. JPMorgan Chase & Co. dropped their price objective on shares of Air Canada from C$41.00 to C$36.00 in a research note on Thursday, August 8th. Cormark dropped their price objective on shares of Air Canada from C$25.50 to C$21.25 in a research note on Tuesday, July 23rd. BMO Capital Markets dropped their price objective 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. Finally, Royal Bank of Canada lowered their price target on shares of Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 23rd.

Air Canada Stock Down 0.5 %

AC stock opened at C$19.16 on Wednesday. The company has a fifty day moving average price of C$16.45 and a 200 day moving average price of C$17.39. Air Canada has a 12 month low of C$14.47 and a 12 month high of C$20.47. The company has a market cap of C$6.87 billion, a price-to-earnings ratio of 4.28, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a debt-to-equity ratio of 1,070.99, a current ratio of 0.85 and a quick ratio of 1.06.

Air Canada (TSE:AC) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.98 EPS for the quarter, beating the consensus estimate of C$0.85 by C$0.13. The firm had revenue of C$5.52 billion during the quarter, compared to the consensus estimate of C$5.55 billion. Air Canada had a net margin of 7.92% and a return on equity of 603.77%. Sell-side analysts expect that Air Canada will post 2.5789474 earnings per share for the current year.

Insider Buying and Selling at Air Canada

In other news, Senior Officer Christophe Hennebelle bought 1,900 shares of Air Canada stock in a transaction on Friday, August 9th. The shares were bought at an average cost of C$15.70 per share, for a total transaction of C$29,830.00. 0.14% of the stock is owned by insiders.

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.