Air Canada (TSE:AC - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$26.60.
Several equities research analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of Air Canada to C$25.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. ATB Capital upped their price target on shares of Air Canada from C$28.00 to C$31.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 18th. Scotiabank raised their price objective on 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. JPMorgan Chase & Co. upped their target price on Air Canada from C$32.00 to C$34.00 in a research report on Monday, November 4th. Finally, Cormark increased their target price on Air Canada from C$26.75 to C$29.50 in a research note on Wednesday, December 18th.
Get Our Latest Analysis on Air Canada
Insiders Place Their Bets
In other news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the company's stock in a transaction on Thursday, December 19th. The stock was sold at an average price of C$21.71, for a total transaction of C$130,246.80. 0.14% of the stock is owned by company insiders.
Air Canada Trading Down 1.0 %
Shares of TSE AC traded down C$0.21 during midday trading on Monday, hitting C$20.41. The stock had a trading volume of 3,577,274 shares, compared to its average volume of 2,797,704. The company has a fifty day moving average price of C$23.38 and a 200 day moving average price of C$19.08. The company has a market capitalization of C$7.32 billion, a price-to-earnings ratio of 4.56, a PEG 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$26.18. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,070.99.
About Air Canada
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Get Free ReportAir 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.
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