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

Air Canada (TSE:AC) has received an average rating of “Moderate Buy” from the twelve analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$24.42.

A number of equities analysts recently issued reports on the company. National Bank Financial raised their target price on Air Canada from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 14th. Scotiabank lifted their target price on Air Canada from C$25.00 to C$26.50 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Royal Bank Of Canada set a C$25.00 target price on Air Canada and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Canadian Imperial Bank of Commerce raised their price target on shares of Air Canada from C$23.00 to C$24.00 in a research report on Wednesday, January 21st. Finally, UBS Group upgraded shares of Air Canada to a “hold” rating in a research note on Tuesday, November 18th.

Air Canada Trading Up 3.7%

TSE AC opened at C$20.25 on Tuesday. The company has a fifty day simple moving average of C$19.49 and a two-hundred day simple moving average of C$18.99. The stock has a market cap of C$5.96 billion, a P/E ratio of 10.89, a P/E/G ratio of 0.02 and a beta of 1.59. Air Canada has a 12-month low of C$12.69 and a 12-month high of C$23.72. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00.

Air Canada Company Profile

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.