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

Shares of Air Canada (TSE:AC) have received a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, nine 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$25.63.

AC has been the subject of a number of research analyst reports. ATB Capital increased their target price on shares of Air Canada from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday. Scotiabank increased their price objective on Air Canada from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a report on Wednesday. BMO Capital Markets reduced their price objective on Air Canada from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research report on Thursday, April 3rd. Citigroup set a C$25.00 target price on Air Canada and gave the stock a “buy” rating in a research report on Monday, June 30th. Finally, Raymond James Financial lifted their price target on Air Canada from C$24.00 to C$27.00 and gave the company a “moderate buy” rating in a report on Tuesday, July 22nd.

Air Canada Trading Down 1.9%

Air Canada stock opened at C$19.30 on Friday. Air Canada has a 52 week low of C$12.69 and a 52 week high of C$26.18. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. The firm has a market capitalization of C$6.88 billion, a price-to-earnings ratio of 2.72, a P/E/G ratio of 0.02 and a beta of 2.39. The company has a 50 day moving average price of C$20.26 and a 200 day moving average price of C$17.79.

About Air Canada

Air Canada is Canada’s largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.