Shares of Air Canada (TSE:AC - Get Free Report) have received an average recommendation of "Moderate Buy" from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$26.60.
Several analysts recently commented on AC shares. JPMorgan Chase & Co. raised their price objective on shares of Air Canada from C$32.00 to C$34.00 in a research note on Monday, November 4th. ATB Capital lifted their price target on shares of Air Canada from C$28.00 to C$31.00 and gave the company an "outperform" rating in a research report on Wednesday, December 18th. Jefferies Financial Group upped their price target on Air Canada from C$22.00 to C$23.00 in a report on Monday, January 6th. Stifel Canada raised Air Canada from a "hold" rating to a "strong-buy" rating in a research note on Sunday, November 3rd. Finally, Scotiabank boosted their target price on Air Canada from C$26.50 to C$29.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 18th.
Check Out Our Latest Stock Analysis on AC
Air Canada Stock Performance
Air Canada stock traded down C$0.38 during trading hours on Friday, reaching C$17.74. 4,577,016 shares of the stock were exchanged, compared to its average volume of 2,968,793. The stock has a market cap of C$6.36 billion, a P/E ratio of 3.96, a P/E/G ratio of 0.02 and a beta of 2.39. The firm's 50 day moving average is C$21.88 and its 200 day moving average is C$19.36. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85. Air Canada has a 52-week low of C$14.47 and a 52-week high of C$26.18.
Insiders Place Their Bets
In related news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the firm's stock in a transaction on Thursday, December 19th. The shares were sold at an average price of C$21.71, for a total transaction of C$130,246.80. 0.14% of the stock is currently owned by insiders.
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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