Air Canada (TSE:AC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Air Canada (TSE:AC) have received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$24.67.

Several analysts recently issued reports on the company. Stifel Nicolaus cut their target price on Air Canada from C$28.00 to C$26.00 in a research report on Tuesday, February 18th. JPMorgan Chase & Co. lowered shares of Air Canada from an “overweight” rating to a “neutral” rating and cut their price objective for the company from C$34.00 to C$24.00 in a report on Monday, March 3rd. Scotiabank boosted their target price 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. Cormark raised their target price on shares of Air Canada from C$26.75 to C$29.50 in a research note on Wednesday, December 18th. Finally, BMO Capital Markets decreased their price target on shares of Air Canada from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Thursday.

Air Canada Trading Down 3.1 %

Shares of Air Canada stock opened at C$13.55 on Friday. Air Canada has a fifty-two week low of C$13.11 and a fifty-two week high of C$26.18. 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 company has a market capitalization of C$4.83 billion, a P/E ratio of 1.91, a P/E/G ratio of 0.02 and a beta of 2.39. The company has a fifty day moving average of C$16.65 and a 200 day moving average of C$19.38.

Insider Buying and Selling at Air Canada

In other Air Canada news, Director Vagn Sorensen bought 11,440 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was acquired at an average price of C$17.40 per share, for a total transaction of C$199,057.14. Also, Senior Officer Craig Landry bought 7,909 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were acquired at an average cost of C$13.99 per share, for a total transaction of C$110,646.91. Insiders have purchased a total of 32,993 shares of company stock worth $538,251 over the last ninety days. Company insiders own 0.14% of the company’s stock.

Air Canada Company Profile

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.