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

Air Canada (TSE:AC) has been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$26.60.

A number of research firms have recently issued reports on AC. Jefferies Financial Group lifted their target price on shares of Air Canada from C$22.00 to C$23.00 in a research note on Monday, January 6th. ATB Capital upped their price target on shares of Air Canada from C$28.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Cormark raised their price objective on shares of Air Canada from C$26.75 to C$29.50 in a research report on Wednesday, December 18th. JPMorgan Chase & Co. increased their price target on shares of Air Canada from C$32.00 to C$34.00 in a research note on Monday, November 4th. Finally, CIBC boosted their price objective on shares of Air Canada from C$27.00 to C$28.00 in a research report on Wednesday, December 4th.

Insiders Place Their Bets

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

Air Canada Price Performance

Shares of Air Canada stock opened at C$18.15 on Friday. The firm has a fifty day moving average price of C$22.15 and a two-hundred day moving average price of C$19.32. 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. The company has a market cap of C$6.51 billion, a PE ratio of 4.05, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. Air Canada has a fifty-two week low of C$14.47 and a fifty-two week 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.