Air Canada (TSE:AC) Receives C$26.50 Consensus PT from Analysts

Air Canada (TSE:AC) has been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$26.67.

Several brokerages have recently commented on AC. Citigroup upped their price objective on shares of Air Canada from C$21.00 to C$28.50 in a report on Monday, November 18th. ATB Capital upped their price target on Air Canada from C$28.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Wednesday. Canaccord Genuity Group raised their price target on Air Canada from C$25.00 to C$29.00 in a research report on Monday, November 4th. Stifel Nicolaus increased their target price on Air Canada from C$25.50 to C$28.00 and gave the stock a “buy” rating in a research note on Friday. Finally, TD Cowen raised their target price on Air Canada to C$25.00 and gave the company a “buy” rating in a report on Wednesday, November 6th.

Air Canada Stock Up 1.1 %

Shares of TSE AC opened at C$21.96 on Thursday. The company has a market capitalization of C$7.87 billion, a P/E ratio of 4.90, a P/E/G 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. The company has a 50 day simple moving average of C$22.25 and a 200-day simple moving average of C$18.53. Air Canada has a 1 year low of C$14.47 and a 1 year high of C$26.18.

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.