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

Air Canada (TSE:AC) has been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$26.60.

Several research analysts have weighed in on AC shares. ATB Capital upped their target price on 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. CIBC increased their price objective on Air Canada from C$27.00 to C$28.00 in a report on Wednesday, December 4th. Stifel Nicolaus raised their price objective on shares of Air Canada from C$25.50 to C$28.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Scotiabank boosted their target price on shares of Air Canada from C$26.50 to C$29.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Finally, Raymond James upgraded shares of Air Canada to a “moderate buy” rating in a report on Tuesday, December 17th.

Insider Transactions at Air Canada

In other news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the company’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 transaction of C$130,246.80. 0.14% of the stock is currently owned by corporate insiders.

Air Canada Trading Up 0.2 %

Air Canada stock opened at C$20.45 on Monday. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,070.99. Air Canada has a 12 month low of C$14.47 and a 12 month high of C$26.18. The company’s fifty day simple moving average is C$23.29 and its 200-day simple moving average is C$19.12. The stock has a market cap of C$7.33 billion, a P/E ratio of 4.56, a P/E/G ratio of 0.02 and a beta of 2.39.

Air Canada Company Profile

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.