Air Canada (TSE:AC) Given Average Recommendation of “Moderate Buy” by Analysts

Air Canada (TSE:AC) has earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$26.60.

A number of equities analysts recently issued reports on the company. Citigroup cut their target price on Air Canada from C$28.50 to C$26.50 and set a “buy” rating on the stock in a report on Monday, December 30th. Jefferies Financial Group raised their price objective on shares of Air Canada from C$22.00 to C$23.00 in a research note on Monday, January 6th. Cormark boosted their target price on shares of Air Canada from C$26.75 to C$29.50 in a research report on Wednesday, December 18th. Raymond James raised shares of Air Canada to a “moderate buy” rating in a research report on Tuesday, December 17th. Finally, National Bankshares upped their price target on Air Canada from C$22.00 to C$27.00 in a report on Monday, November 4th.

Insider Activity at Air Canada

In other news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of C$21.71, for a total transaction of C$130,246.80. 0.14% of the stock is currently owned by insiders.

Air Canada Stock Performance

Shares of Air Canada stock opened at C$18.15 on Friday. The business has a 50-day simple moving average of C$22.15 and a 200 day simple moving average of C$19.32. Air Canada has a one year low of C$14.47 and a one year high of C$26.18. 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 firm has a market capitalization of C$6.51 billion, a price-to-earnings ratio of 4.05, a PEG ratio of 0.02 and a beta of 2.39.

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.