Air Canada (TSE:AC) has been given an average recommendation of “Buy” by the fifteen analysts that are presently covering the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and three have issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$15.06.
A number of brokerages recently weighed in on AC. CIBC upped their price objective on Air Canada from C$12.25 to C$14.00 in a report on Tuesday, August 2nd. BMO Capital Markets upped their price objective on Air Canada from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a report on Wednesday, October 5th. Royal Bank Of Canada raised Air Canada from an “outperform” rating to a “top pick” rating and upped their price objective for the stock from C$14.00 to C$18.00 in a report on Thursday. CSFB reaffirmed an “outperform” rating on shares of Air Canada in a report on Thursday, September 29th. Finally, Macquarie dropped their price objective on Air Canada from C$10.00 to C$9.00 in a report on Friday, July 22nd.
Air Canada (TSE:AC) opened at 12.31 on Friday. The stock has a market cap of $3.40 billion and a price-to-earnings ratio of 5.91. The firm has a 50-day moving average price of $9.66 and a 200-day moving average price of $9.27. Air Canada has a one year low of $6.81 and a one year high of $12.70.
About Air Canada
Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. The Company’s mainline operates a fleet of over 170 aircraft, including Airbus narrow-body aircraft, Boeing and Airbus wide-body aircraft, and Embraer 190 regional jets.
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