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

Air Canada (TSE:AC) has earned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$23.63.

Several equities analysts have commented on AC shares. JPMorgan Chase & Co. downgraded shares of Air Canada from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from C$34.00 to C$24.00 in a report on Monday, March 3rd. Stifel Nicolaus decreased their price target on shares of Air Canada from C$28.00 to C$26.00 in a research note on Tuesday, February 18th. Canaccord Genuity Group lowered their price target on shares of Air Canada from C$29.00 to C$24.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Citigroup reduced their price objective on Air Canada from C$28.50 to C$26.50 and set a “buy” rating for the company in a report on Monday, December 30th. Finally, Scotiabank lowered their target price on Air Canada from C$25.00 to C$21.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th.

Insider Buying and Selling at Air Canada

In other news, Senior Officer Craig Landry purchased 13,644 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of C$16.75 per share, for a total transaction of C$228,546.55. Also, Director Vagn Sorensen acquired 11,440 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were purchased at an average price of C$17.40 per share, with a total value of C$199,057.14. In the last ninety days, insiders acquired 32,993 shares of company stock worth $538,251. 0.14% of the stock is currently owned by company insiders.

Air Canada Stock Performance

Shares of AC stock opened at C$13.97 on Wednesday. The company has a fifty day moving average price of C$15.22 and a two-hundred day moving average price of C$19.14. Air Canada has a one year low of C$12.69 and a one year high of C$26.18. The stock has a market cap of C$4.98 billion, a P/E ratio of 1.97, a P/E/G ratio of 0.02 and a beta of 2.39. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06.

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.