Air Canada (TSE:AC) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Air Canada (TSE:AC) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$33.08.

AC has been the topic of a number of research reports. UBS Group increased their price objective on shares of Air Canada from C$24.00 to C$33.00 in a research note on Thursday, August 13th. Royal Bank Of Canada lifted their target price on shares of Air Canada from C$28.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. Scotia upped their price target on shares of Air Canada from C$33.50 to C$37.50 and gave the company a “sector outperform” rating in a report on Wednesday, August 19th. BMO Capital Markets increased their price target on shares of Air Canada from C$30.00 to C$37.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Finally, Stifel Nicolaus raised their price objective on shares of Air Canada from C$30.00 to C$38.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th.

Air Canada Price Performance

AC opened at C$25.35 on Wednesday. The company has a debt-to-equity ratio of 478.10, a quick ratio of 1.05 and a current ratio of 0.60. The company has a market cap of C$6.41 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 0.02 and a beta of 1.86. Air Canada has a one year low of C$16.45 and a one year high of C$31.45. The business’s fifty day moving average is C$27.65 and its two-hundred day moving average is C$23.21.

Air Canada (TSE:AC) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$0.40 earnings per share for the quarter. The business had revenue of C$6.27 billion during the quarter. Air Canada had a return on equity of 16.92% and a net margin of 1.82%. Analysts anticipate that Air Canada will post 2.5789474 EPS for the current fiscal year.

About Air Canada

Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Headquartered in Montréal, Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, with more than 10 million members worldwide. Members can earn or redeem points on the world’s largest airline partner network of more than 50 airlines, plus through an extensive range of merchandise, hotel and car rental partners.