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

Shares of Air Canada (TSE:AC) have earned a consensus rating of “Hold” from the twelve research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$24.50.

Several equities analysts recently weighed in on AC shares. Stifel Nicolaus boosted their price objective on Air Canada from C$24.00 to C$28.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. UBS Group upgraded shares of Air Canada to a “hold” rating in a report on Tuesday, November 18th. Scotiabank lowered shares of Air Canada from an “outperform” rating to a “hold” rating and cut their price objective for the company from C$27.00 to C$21.00 in a research report on Tuesday. Raymond James Financial cut Air Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada set a C$25.00 price objective on Air Canada and gave the stock an “outperform” rating in a report on Tuesday, November 25th.

Air Canada Price Performance

Shares of AC opened at C$16.56 on Friday. The company has a debt-to-equity ratio of 446.78, a quick ratio of 1.06 and a current ratio of 0.56. The firm has a market cap of C$4.88 billion, a PE ratio of 8.90, a PEG ratio of 0.02 and a beta of 1.56. The firm’s 50 day moving average price is C$19.57 and its 200 day moving average price is C$19.00. Air Canada has a twelve month low of C$12.69 and a twelve month high of C$23.72.

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.