Brokerages Set Air Canada (TSE:AC) PT at C$25.75

Air Canada (TSE:AC - Get Free Report) has earned an average recommendation of "Moderate Buy" from the fifteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$25.75.

AC has been the subject of several research reports. ATB Capital increased their price objective on shares of Air Canada from C$26.50 to C$28.00 in a research report on Monday, November 4th. Stifel Canada raised Air Canada from a "hold" rating to a "strong-buy" rating in a research note on Sunday, November 3rd. Citigroup upped their price objective on Air Canada from C$21.00 to C$28.50 in a research report on Monday, November 18th. Cormark lifted their target price on Air Canada from C$21.75 to C$26.75 in a research report on Monday, November 4th. Finally, Stifel Nicolaus raised Air Canada from a "hold" rating to a "buy" rating and upped their price target for the stock from C$20.00 to C$25.50 in a research report on Monday, November 4th.

Air Canada Trading Up 1.0 %

AC traded up C$0.24 during mid-day trading on Friday, hitting C$24.20. The stock had a trading volume of 2,701,200 shares, compared to its average volume of 2,463,713. The stock's fifty day simple moving average is C$19.09 and its 200-day simple moving average is C$17.81. The firm has a market capitalization of C$8.68 billion, a price-to-earnings ratio of 5.40, 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$24.99. The company has a debt-to-equity ratio of 1,070.99, a current ratio of 0.85 and a quick ratio of 1.06.

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.