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

Shares of Air Canada (TSE:AC) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$30.35.

Several equities research analysts have weighed in on AC shares. Royal Bank of Canada set a C$18.00 price objective on Air Canada and gave the stock a “sector perform” rating in a report on Thursday, April 4th. TD Securities boosted their price objective on shares of Air Canada from C$30.00 to C$34.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. National Bankshares set a C$31.00 price objective on shares of Air Canada and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Canaccord Genuity Group lifted their target price on shares of Air Canada from C$31.00 to C$32.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, ATB Capital decreased their price target on shares of Air Canada from C$33.00 to C$32.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th.

Insider Buying and Selling

In related news, Senior Officer Mark Youssef Nasr bought 2,406 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were purchased at an average cost of C$18.21 per share, with a total value of C$43,823.37. 0.17% of the stock is currently owned by company insiders.

Air Canada Price Performance

Shares of Air Canada stock opened at C$19.31 on Friday. The stock has a market capitalization of C$6.92 billion, a P/E ratio of 3.24, a price-to-earnings-growth ratio of 0.02 and a beta of 2.42. Air Canada has a one year low of C$16.04 and a one year high of C$26.04. The company has a debt-to-equity ratio of 1,741.46, a current ratio of 1.02 and a quick ratio of 1.06. The business’s 50 day simple moving average is C$18.65 and its two-hundred day simple moving average is C$18.32.

Air Canada (TSE:AC) last posted its quarterly earnings results on Friday, February 16th. The company reported C($0.12) EPS for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.07). The company had revenue of C$5.18 billion for the quarter, compared to the consensus estimate of C$5.05 billion. Analysts forecast that Air Canada will post 2.9504792 EPS for the current year.

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.