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

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

Several research analysts have commented on AC shares. CIBC cut their target price on Air Canada from C$28.00 to C$24.00 in a research note on Tuesday, February 18th. Raymond James upgraded shares of Air Canada to a "moderate buy" rating in a research report on Tuesday, December 17th. Jefferies Financial Group lowered their target price on shares of Air Canada from C$23.00 to C$18.00 in a research note on Monday, February 24th. ATB Capital raised 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 report on Wednesday, December 18th. Finally, Scotiabank upped their price target on shares of Air Canada from C$26.50 to C$29.00 and gave the stock an "outperform" rating in a report on Wednesday, December 18th.

Insider Activity at Air Canada

In other Air Canada news, Director Vagn Sorensen bought 11,440 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average price of C$17.40 per share, for a total transaction 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 shares were acquired at an average price of C$16.75 per share, with a total value of C$228,546.55. 0.14% of the stock is currently owned by insiders.

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Air Canada Stock Performance

AC stock traded down C$0.59 during midday trading on Tuesday, reaching C$15.77. 4,560,614 shares of the company's stock traded hands, compared to its average volume of 3,374,931. Air Canada has a 52 week low of C$14.47 and a 52 week high of C$26.18. The company has a 50-day moving average price of C$19.20 and a two-hundred day moving average price of C$19.51. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. The firm has a market capitalization of C$5.63 billion, a PE ratio of 2.22, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39.

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.