Air Canada (TSE:AC) Given Consensus Rating of “Moderate Buy” by Brokerages

Air Canada (TSE:ACGet Rating) has been assigned an average rating of “Moderate Buy” from the seventeen research firms that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$27.36.

Several equities analysts recently issued reports on AC shares. TD Securities reduced their price objective on Air Canada from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research note on Tuesday, June 28th. JPMorgan Chase & Co. dropped their target price on Air Canada from C$31.00 to C$29.00 in a research report on Tuesday, April 12th. Cormark dropped their target price on Air Canada to C$25.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 27th. BMO Capital Markets reaffirmed a “buy” rating and issued a C$35.00 target price on shares of Air Canada in a research report on Wednesday, April 27th. Finally, ATB Capital dropped their target price on Air Canada from C$35.00 to C$30.00 and set a “buy” rating on the stock in a research report on Wednesday, July 13th.

Insider Activity at Air Canada

In related news, Senior Officer Murray Douglas Strom sold 3,755 shares of the firm’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of C$21.33, for a total transaction of C$80,094.15. Following the completion of the transaction, the insider now owns 2,740 shares of the company’s stock, valued at C$58,444.20. In related news, Senior Officer Amos Kazzaz purchased 4,126 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The stock was acquired at an average price of C$21.36 per share, for a total transaction of C$88,115.68. Following the transaction, the insider now directly owns 17,043 shares of the company’s stock, valued at approximately C$363,973.72. Also, Senior Officer Murray Douglas Strom sold 3,755 shares of the stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of C$21.33, for a total value of C$80,094.15. Following the completion of the transaction, the insider now owns 2,740 shares of the company’s stock, valued at approximately C$58,444.20.

Air Canada Stock Performance

Shares of AC opened at C$17.00 on Thursday. The business’s fifty day moving average price is C$18.48 and its 200 day moving average price is C$21.43. Air Canada has a 12-month low of C$15.57 and a 12-month high of C$26.80. The stock has a market capitalization of C$6.09 billion and a PE ratio of -1.85. The company has a debt-to-equity ratio of 183,588.89, a current ratio of 1.26 and a quick ratio of 1.17.

Air Canada (TSE:ACGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The company reported C($2.51) earnings per share (EPS) for the quarter, missing the consensus estimate of C($1.63) by C($0.88). The company had revenue of C$2.57 billion during the quarter, compared to analysts’ expectations of C$2.74 billion. Equities research analysts forecast that Air Canada will post 1.0599999 EPS for the current year.

Air Canada Company Profile

(Get Rating)

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name 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.

Further Reading

Analyst Recommendations for Air Canada (TSE:AC)

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