Brokerages Set Air Canada (TSE:AC) Target Price at C$25.20

Shares of Air Canada (TSE:AC - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$25.20.

AC has been the subject of several analyst reports. CIBC cut their target price on shares of Air Canada from C$28.00 to C$24.00 in a research note on Tuesday, February 18th. BMO Capital Markets upped their price objective on shares of Air Canada from C$29.00 to C$31.00 in a research note on Wednesday, December 18th. Cormark increased their price target on Air Canada from C$26.75 to C$29.50 in a research note on Wednesday, December 18th. JPMorgan Chase & Co. downgraded Air Canada from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from C$34.00 to C$24.00 in a research report on Monday. Finally, Stifel Nicolaus lowered their price target on Air Canada from C$28.00 to C$26.00 in a report on Tuesday, February 18th.

Air Canada Price Performance

Shares of TSE:AC traded up C$0.15 during midday trading on Tuesday, hitting C$16.22. 1,934,876 shares of the stock were exchanged, compared to its average volume of 3,282,766. The stock has a market cap of C$5.79 billion, a P/E ratio of 2.28, a PEG ratio of 0.02 and a beta of 2.39. Air Canada has a twelve month low of C$14.47 and a twelve month high of C$26.18. The company has a 50 day moving average price of C$19.33 and a 200-day moving average price of C$19.44. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00.

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Insider Activity at Air Canada

In other news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the firm's stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of C$21.71, for a total transaction of C$130,246.80. Also, Director Vagn Sorensen purchased 11,440 shares of Air Canada stock in a transaction that occurred on Wednesday, February 19th. The stock was acquired at an average cost 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.