Air Canada (TSE:AC) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Air Canada (TSE:AC) have been given an average recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$24.42.

AC has been the subject of a number of recent analyst reports. CIBC increased their target price on shares of Air Canada from C$23.00 to C$24.00 in a research report on Wednesday. UBS Group upgraded shares of Air Canada to a “hold” rating in a report on Tuesday, November 18th. Canaccord Genuity Group dropped their target price on Air Canada from C$28.00 to C$25.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Scotiabank upped their target price on Air Canada from C$25.00 to C$26.50 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, TD Securities lowered their price target on Air Canada from C$25.00 to C$22.00 in a research report on Friday, September 26th.

Air Canada Stock Performance

Shares of AC opened at C$19.47 on Friday. The firm has a fifty day moving average of C$19.07 and a 200-day moving average of C$19.23. The company has a market cap of C$5.77 billion, a price-to-earnings ratio of -28.22, a price-to-earnings-growth ratio of 0.02 and a beta of 1.75. 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 1 year low of C$12.69 and a 1 year high of C$23.72.

Air Canada (TSE:AC) last issued its quarterly earnings data on Tuesday, November 4th. The company reported C$0.75 earnings per share (EPS) for the quarter. The business had revenue of C$5.77 billion during the quarter. Air Canada had a return on equity of 177.01% and a net margin of 11.57%. As a group, equities analysts anticipate that Air Canada will post 2.5789474 earnings per share for the current year.

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.