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

Shares of Air Canada (TSE:AC) have been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$29.63.

Several analysts have recently commented on the stock. Raymond James reduced their price objective on shares of Air Canada from C$31.00 to C$28.00 and set an “outperform” rating for the company in a research report on Tuesday, October 17th. Citigroup reduced their price objective on shares of Air Canada from C$31.00 to C$28.00 and set a “buy” rating for the company in a research report on Friday, October 20th. ATB Capital reduced their price objective on shares of Air Canada from C$35.00 to C$33.00 in a research report on Tuesday, October 31st. CIBC reduced their price target on shares of Air Canada from C$33.00 to C$30.00 and set an “outperform” rating for the company in a research report on Friday, October 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Air Canada from C$37.00 to C$42.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st.

Air Canada Stock Up 1.4 %

Air Canada stock opened at C$18.20 on Wednesday. The company has a debt-to-equity ratio of 2,613.09, a quick ratio of 1.06 and a current ratio of 1.11. Air Canada has a 52-week low of C$16.04 and a 52-week high of C$26.04. The firm has a 50 day moving average price of C$18.61 and a two-hundred day moving average price of C$21.42. The firm has a market cap of C$6.52 billion, a price-to-earnings ratio of 3.02, a PEG ratio of 0.02 and a beta of 2.43.

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.