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

Air Canada (TSE:AC) has been assigned an average rating of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$25.63.

A number of brokerages have commented on AC. Stifel Nicolaus raised their price objective on Air Canada from C$23.00 to C$25.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. ATB Capital raised their price objective on Air Canada from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Citigroup set a C$25.00 price objective on Air Canada and gave the company a “buy” rating in a research note on Monday, June 30th. Royal Bank Of Canada dropped their target price on Air Canada from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a report on Wednesday, August 20th. Finally, Raymond James Financial raised their target price 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 0.7%

Shares of Air Canada stock opened at C$19.67 on Tuesday. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. Air Canada has a 52 week low of C$12.69 and a 52 week high of C$26.18. The stock has a 50 day moving average price of C$20.40 and a two-hundred day moving average price of C$17.72. The stock has a market capitalization of C$7.02 billion, a PE ratio of 2.77, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39.

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.