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

Air Canada (TSE:AC) has been assigned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$26.67.

A number of equities research analysts have recently weighed in on AC shares. Stifel Nicolaus boosted their price target on Air Canada from C$25.50 to C$28.00 and gave the company a “buy” rating in a report on Friday. Stifel Canada upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 3rd. ATB Capital raised their price target on shares of Air Canada from C$28.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. BMO Capital Markets lifted their price target on shares of Air Canada from C$29.00 to C$31.00 in a report on Wednesday, December 18th. Finally, Raymond James upgraded shares of Air Canada to a “moderate buy” rating in a research note on Tuesday, December 17th.

Insider Transactions at Air Canada

In related news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of C$21.71, for a total value of C$130,246.80. 0.14% of the stock is currently owned by insiders.

Air Canada Stock Up 0.5 %

Shares of TSE:AC opened at C$22.06 on Thursday. Air Canada has a 12-month low of C$14.47 and a 12-month high of C$26.18. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99. The firm has a market cap of C$7.91 billion, a PE ratio of 4.92, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a fifty day simple moving average of C$22.25 and a 200 day simple moving average of C$18.53.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.