Air Canada (TSE:AC) Given Average Rating of "Moderate Buy" by Brokerages

Air Canada (TSE:AC - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$25.20.

AC has been the topic of a number of analyst reports. Jefferies Financial Group cut their price target on shares of Air Canada from C$23.00 to C$18.00 in a research report on Monday, February 24th. Stifel Nicolaus cut their target price on shares of Air Canada from C$28.00 to C$26.00 in a report on Tuesday, February 18th. JPMorgan Chase & Co. cut shares of Air Canada from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from C$34.00 to C$24.00 in a research report on Monday, March 3rd. Scotiabank upped their price objective on shares of Air Canada from C$26.50 to C$29.00 and gave the company an "outperform" rating in a research report on Wednesday, December 18th. Finally, Citigroup reduced their target price on Air Canada from C$28.50 to C$26.50 and set a "buy" rating on the stock in a report on Monday, December 30th.

Air Canada Trading Up 0.3 %

TSE:AC traded up C$0.04 during mid-day trading on Friday, hitting C$14.17. The company had a trading volume of 3,622,150 shares, compared to its average volume of 3,381,614. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. Air Canada has a fifty-two week low of C$13.70 and a fifty-two week high of C$26.18. The firm has a market cap of C$5.05 billion, a P/E ratio of 2.00, a P/E/G ratio of 0.02 and a beta of 2.39. The business's fifty day moving average is C$17.26 and its two-hundred day moving average is C$19.45.

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Insiders Place Their Bets

In other news, Senior Officer Craig Landry bought 13,644 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of C$16.75 per share, for a total transaction of C$228,546.55. Also, Director Vagn Sorensen purchased 11,440 shares of the stock in a transaction on Wednesday, February 19th. The shares were acquired at an average cost of C$17.40 per share, for a total transaction of C$199,057.14. 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.