Brokerages Set Air Canada (TSE:AC) PT at C$23.70

Air Canada (TSE:AC) has been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among brokerages 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. Raymond James reduced their price objective on Air Canada from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a report on Tuesday, July 23rd. Stifel Canada upgraded shares of Air Canada to a “hold” rating in a research report on Tuesday, October 15th. Stifel Nicolaus set a C$20.00 price objective on shares of Air Canada and gave the company a “hold” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. lowered their price objective on shares of Air Canada from C$41.00 to C$36.00 in a research report on Thursday, August 8th. Finally, Scotiabank upped their price objective on shares of Air Canada from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th.

Air Canada Stock Up 14.0 %

Shares of AC opened at C$21.51 on Wednesday. The company has a market capitalization of C$7.71 billion, a P/E ratio of 4.80, a PEG ratio of 0.02 and a beta of 2.39. The company has a debt-to-equity ratio of 1,070.99, a current ratio of 0.85 and a quick ratio of 1.06. Air Canada has a one year low of C$14.47 and a one year high of C$21.61. The business’s 50 day simple moving average is C$16.71 and its 200-day simple moving average is C$17.39.

Air Canada (TSE:AC) last announced its earnings results on Wednesday, August 7th. The company reported C$0.98 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 the consensus estimate of C$5.55 billion. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. As a group, sell-side analysts predict that Air Canada will post 2.5789474 EPS for the current fiscal year.

Insider Activity at Air Canada

In related news, Senior Officer Christophe Hennebelle purchased 1,900 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of C$15.70 per share, with a total value of C$29,830.00. 0.14% of the stock is currently owned by corporate insiders.

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.