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

Air Canada (TSE:AC - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fourteen analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$23.63.

Several equities analysts recently weighed in on the stock. Stifel Nicolaus dropped their price target on shares of Air Canada from C$28.00 to C$26.00 in a research report on Tuesday, February 18th. Jefferies Financial Group cut Air Canada from a "hold" rating to an "underperform" rating and cut their target price for the company from C$18.00 to C$12.00 in a research report on Tuesday, April 1st. Canaccord Genuity Group lowered their price target on Air Canada from C$29.00 to C$24.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. cut shares of Air Canada from an "overweight" rating to a "neutral" rating and cut their price target for the stock from C$34.00 to C$24.00 in a report on Monday, March 3rd. Finally, Royal Bank of Canada dropped their target price on shares of Air Canada from C$20.00 to C$16.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 16th.

Air Canada Stock Down 0.4 %

TSE AC traded down C$0.06 during mid-day trading on Wednesday, hitting C$14.01. The company's stock had a trading volume of 2,243,175 shares, compared to its average volume of 3,430,565. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. The company's 50 day simple moving average is C$15.01 and its 200 day simple moving average is C$19.13. Air Canada has a twelve month low of C$12.69 and a twelve month high of C$26.18. The firm has a market capitalization of C$5.00 billion, a price-to-earnings ratio of 1.97, a PEG ratio of 0.02 and a beta of 2.39.

Insider Activity

In related news, Director Vagn Sorensen bought 11,440 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were acquired at an average cost of C$17.40 per share, with a total value of C$199,057.14. Also, Senior Officer Craig Landry purchased 13,644 shares of the business's stock in a transaction on Friday, February 28th. The stock was bought at an average cost of C$16.75 per share, with a total value of C$228,546.55. Insiders have purchased a total of 32,993 shares of company stock worth $538,251 over the last ninety days. Company insiders own 0.14% of the company's stock.

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.