Air Canada (TSE:AC - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fifteen research firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$23.70.
AC has been the topic of several research reports. TD Securities decreased their price target on shares of Air Canada from C$25.00 to C$19.00 in a research note on Wednesday, July 24th. BMO Capital Markets dropped their price target on Air Canada from C$33.00 to C$28.00 and set an "outperform" rating for the company in a research report on Wednesday, July 24th. Citigroup increased their price target on Air Canada from C$20.00 to C$21.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Raymond James dropped their target price on Air Canada from C$28.00 to C$22.00 and set an "outperform" rating for the company in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada lowered their price target on shares of Air Canada from C$18.00 to C$17.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 23rd.
View Our Latest Stock Report on Air Canada
Insider Buying and Selling
In other Air Canada news, Senior Officer Christophe Hennebelle bought 1,900 shares of Air Canada stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of C$15.70 per share, with a total value of C$29,830.00. 0.14% of the stock is owned by company insiders.
Air Canada Stock Performance
TSE AC traded up C$0.03 on Wednesday, reaching C$19.19. 1,978,207 shares of the company's stock traded hands, compared to its average volume of 2,249,605. The stock has a 50 day moving average price of C$16.45 and a 200-day moving average price of C$17.39. The firm has a market cap of C$6.88 billion, a price-to-earnings ratio of 4.28, a P/E/G ratio of 0.02 and a beta of 2.39. Air Canada has a fifty-two week low of C$14.47 and a fifty-two week high of C$20.47. 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 (TSE:AC - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported C$0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.85 by C$0.13. The business had revenue of C$5.52 billion for the quarter, compared to analyst estimates of C$5.55 billion. Air Canada had a net margin of 7.92% and a return on equity of 603.77%. Equities research analysts predict that Air Canada will post 2.5789474 EPS for the current fiscal year.
Air Canada Company Profile
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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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