Air Canada (TSE:AC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Air Canada (TSE:AC) has received an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$26.60.

Several equities research analysts have recently commented on the company. Scotiabank upped their price target on Air Canada from C$26.50 to C$29.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Raymond James upgraded shares of Air Canada to a “moderate buy” rating in a research report on Tuesday, December 17th. Jefferies Financial Group boosted their price target on shares of Air Canada from C$22.00 to C$23.00 in a research note on Monday, January 6th. Cormark increased their price target on shares of Air Canada from C$26.75 to C$29.50 in a report on Wednesday, December 18th. Finally, Canaccord Genuity Group lifted their price objective on Air Canada from C$25.00 to C$29.00 in a report on Monday, November 4th.

Air Canada Stock Performance

Shares of Air Canada stock opened at C$20.45 on Monday. The firm’s fifty day simple moving average is C$23.29 and its 200-day simple moving average is C$19.15. Air Canada has a 12 month low of C$14.47 and a 12 month high of C$26.18. The stock has a market capitalization of C$7.33 billion, a price-to-earnings ratio of 4.56, 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.

Insider Buying and Selling

In other Air Canada news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the firm’s stock in a transaction 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. Insiders own 0.14% of the company’s stock.

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.