Air Canada (TSE:AC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Air Canada (TSE:AC) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating 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 equities analysts have commented on AC shares. JPMorgan Chase & Co. cut shares of Air Canada from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from C$34.00 to C$24.00 in a research note on Monday. ATB Capital increased their target price on Air Canada from C$28.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. TD Cowen lifted their price objective on shares of Air Canada to C$25.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Raymond James raised Air Canada to a “moderate buy” rating in a research report on Tuesday, December 17th. Finally, Scotiabank boosted their price objective on shares of Air Canada from C$26.50 to C$29.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th.

Air Canada Trading Down 3.9 %

Shares of AC opened at C$16.10 on Tuesday. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06. The firm has a market cap of C$5.74 billion, a P/E ratio of 2.27, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. Air Canada has a 1 year low of C$14.47 and a 1 year high of C$26.18. The company has a 50 day simple moving average of C$19.68 and a two-hundred day simple moving average of C$19.45.

Insider Transactions at Air Canada

In related news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$21.71, for a total value of C$130,246.80. Also, Director Vagn Sorensen purchased 11,440 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was acquired at an average price of C$17.40 per share, for a total transaction of C$199,057.14. Insiders own 0.14% of the company’s stock.

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.