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

Air Canada (TSE:AC) has received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, eleven 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 covered the stock in the last year is C$24.31.

A number of analysts have recently issued reports on the stock. Royal Bank of Canada raised shares of Air Canada from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$16.00 to C$25.00 in a research note on Monday, May 12th. CIBC lowered their target price on shares of Air Canada from C$24.00 to C$21.00 in a research note on Thursday, April 10th. Raymond James lowered their target price on shares of Air Canada from C$28.00 to C$24.00 in a research note on Tuesday, May 6th. BMO Capital Markets lowered their target price on shares of Air Canada from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research note on Thursday, April 3rd. Finally, Canaccord Genuity Group lifted their price objective on Air Canada from C$24.00 to C$27.00 in a report on Monday, May 12th.

Insiders Place Their Bets

In other news, Senior Officer Craig Landry bought 7,909 shares of Air Canada stock in a transaction on Monday, March 31st. The stock was acquired at an average cost of C$13.99 per share, for a total transaction of C$110,646.91. 0.14% of the stock is currently owned by corporate insiders.

Air Canada Stock Up 2.0%

Shares of AC opened at C$18.90 on Thursday. The firm has a market capitalization of C$6.74 billion, a P/E ratio of 2.66, a P/E/G ratio of 0.02 and a beta of 2.39. Air Canada has a 12-month low of C$12.69 and a 12-month high of C$26.18. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. The firm has a fifty day moving average price of C$16.67 and a 200-day moving average price of C$18.33.

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.