Air Canada (TSE:AC) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Air Canada (TSE:AC - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$29.32.

AC has been the topic of a number of research reports. Royal Bank of Canada set a C$18.00 price target on shares of Air Canada and gave the stock a "sector perform" rating in a report on Thursday, April 4th. ATB Capital boosted their target price on shares of Air Canada from C$32.00 to C$33.00 in a report on Friday, May 3rd. Scotiabank lowered their target price on shares of Air Canada from C$30.00 to C$29.00 and set an "outperform" rating on the stock in a report on Thursday, March 28th. National Bankshares lowered their target price on shares of Air Canada from C$31.00 to C$30.00 and set an "outperform" rating on the stock in a report on Friday, May 3rd. Finally, Jefferies Financial Group lowered their target price on shares of Air Canada from C$20.00 to C$19.00 in a report on Thursday, June 20th.

Air Canada Stock Performance

Shares of TSE AC traded up C$0.35 during midday trading on Thursday, reaching C$17.89. The company's stock had a trading volume of 1,790,973 shares, compared to its average volume of 2,192,729. Air Canada has a 12-month low of C$16.04 and a 12-month high of C$26.04. The firm has a 50 day moving average price of C$18.44 and a 200-day moving average price of C$18.54. The stock has a market capitalization of C$6.41 billion, a P/E ratio of 3.10, a PEG ratio of 0.02 and a beta of 2.40. The company has a debt-to-equity ratio of 1,767.66, a current ratio of 0.85 and a quick ratio of 1.06.

Air Canada (TSE:AC - Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported C($0.27) earnings per share for the quarter, missing analysts' consensus estimates of C($0.15) by C($0.12). The firm had revenue of C$5.23 billion during the quarter, compared to analysts' expectations of C$5.13 billion. As a group, equities analysts predict that Air Canada will post 3.1906412 earnings per share for the current year.

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.