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

Shares of Air Canada (TSE:AC) have received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the firm, Marketbeat reports. Three 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 12-month target price among analysts that have issued ratings on the stock in the last year is C$25.20.

Several research analysts have issued reports on the company. ATB Capital increased their price objective 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. Cormark lifted their target price on shares of Air Canada from C$26.75 to C$29.50 in a research note on Wednesday, December 18th. Citigroup cut their price objective on Air Canada from C$28.50 to C$26.50 and set a “buy” rating for the company in a research report 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. Finally, Jefferies Financial Group lowered their price target on shares of Air Canada from C$23.00 to C$18.00 in a report on Monday, February 24th.

Insider Buying and Selling

In other Air Canada news, Director Vagn Sorensen acquired 11,440 shares of the company’s stock in a transaction 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. Also, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the firm’s stock in a transaction that occurred 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. 0.14% of the stock is owned by corporate insiders.

Air Canada Price Performance

Shares of Air Canada stock opened at C$15.77 on Tuesday. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. The firm’s 50-day simple moving average is C$19.07 and its 200-day simple moving average is C$19.48. The firm has a market cap of C$5.63 billion, a P/E ratio of 2.22, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. Air Canada has a twelve month low of C$14.47 and a twelve month 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.