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

Shares of Air Canada (TSE:AC) have been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$25.75.

A number of equities analysts have recently weighed in on AC shares. CIBC boosted their price objective on shares of Air Canada from C$25.00 to C$27.00 in a research report on Monday, November 4th. Canaccord Genuity Group increased their price target on Air Canada from C$25.00 to C$29.00 in a research note on Monday, November 4th. Stifel Nicolaus raised Air Canada from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$20.00 to C$25.50 in a research report on Monday, November 4th. Scotiabank upped their target price on Air Canada from C$24.00 to C$26.50 in a research note on Monday, November 4th. Finally, Stifel Canada raised Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 3rd.

Air Canada Stock Performance

The firm has a market cap of C$8.95 billion, a P/E ratio of 5.55, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,070.99. The company has a fifty day moving average price of C$19.84 and a 200-day moving average price of C$17.94. Air Canada has a one year low of C$14.47 and a one year high of C$25.00.

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.