Air Canada (TSE:AC) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Air Canada (TSE:AC - Get Free Report) have received a consensus rating of "Moderate Buy" from the fourteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$26.60.

A number of research analysts have commented on the company. BMO Capital Markets boosted their target price on Air Canada from C$29.00 to C$31.00 in a research note on Wednesday, December 18th. Canaccord Genuity Group boosted their price target on Air Canada from C$25.00 to C$29.00 in a research note on Monday, November 4th. Raymond James raised shares of Air Canada to a "moderate buy" rating in a research report on Tuesday, December 17th. Citigroup dropped their price target on shares of Air Canada from C$28.50 to C$26.50 and set a "buy" rating on the stock in a research note on Monday, December 30th. Finally, Cormark upped their price objective on shares of Air Canada from C$26.75 to C$29.50 in a report on Wednesday, December 18th.

Insider Activity

In other news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the firm's stock in a transaction on Thursday, December 19th. The stock was sold at an average price of C$21.71, for a total value of C$130,246.80. 0.14% of the stock is owned by insiders.

Air Canada Trading Down 3.1 %

Air Canada stock traded down C$0.67 during midday trading on Monday, reaching C$21.24. The stock had a trading volume of 3,416,548 shares, compared to its average volume of 2,653,627. Air Canada has a twelve month low of C$14.47 and a twelve month high of C$26.18. 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. The firm has a market cap of C$7.61 billion, a price-to-earnings ratio of 4.74, a PEG ratio of 0.02 and a beta of 2.39. The firm's fifty day simple moving average is C$23.46 and its two-hundred day simple moving average is C$19.03.

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.