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

Air Canada (TSE:AC) has been assigned a consensus rating of “Moderate Buy” from the thirteen analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$24.80.

Several equities research analysts have recently commented on AC shares. JPMorgan Chase & Co. lowered shares of Air Canada from an “overweight” rating to a “neutral” rating and reduced their price target for the company from C$34.00 to C$24.00 in a research report on Monday, March 3rd. Raymond James raised shares of Air Canada to a “moderate buy” rating in a report on Tuesday, December 17th. Jefferies Financial Group cut shares of Air Canada from a “hold” rating to an “underperform” rating and dropped their price target for the stock from C$18.00 to C$12.00 in a research note on Tuesday. Cormark upped their price objective on Air Canada from C$26.75 to C$29.50 in a research note on Wednesday, December 18th. Finally, ATB Capital lifted their target price on Air Canada from C$28.00 to C$31.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th.

Air Canada Stock Down 0.3 %

Shares of Air Canada stock opened at C$14.34 on Friday. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00. Air Canada has a twelve month low of C$13.62 and a twelve month high of C$26.18. The company has a market cap of C$5.12 billion, a price-to-earnings ratio of 2.02, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company’s 50 day moving average is C$16.89 and its 200 day moving average is C$19.40.

Insider Activity

In other news, Senior Officer Craig Landry purchased 13,644 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of C$16.75 per share, with a total value of C$228,546.55. Also, Director Vagn Sorensen purchased 11,440 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were purchased at an average price of C$17.40 per share, with a total value of C$199,057.14. Company insiders own 0.14% of the company’s stock.

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.