Air Canada (TSE:AC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Air Canada (TSE:AC) has earned a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$26.67.

AC has been the subject of several recent research reports. Scotiabank increased their price target on Air Canada from C$26.50 to C$29.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. TD Cowen upped their target price on Air Canada to C$25.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Citigroup lifted their price target on Air Canada from C$21.00 to C$28.50 in a report on Monday, November 18th. ATB Capital upped their price objective on shares of Air Canada from C$28.00 to C$31.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Finally, BMO Capital Markets lifted their target price on shares of Air Canada from C$29.00 to C$31.00 in a research note on Wednesday, December 18th.

Air Canada Stock Performance

AC opened at C$22.06 on Thursday. The firm’s fifty day simple moving average is C$22.25 and its two-hundred day simple moving average is C$18.53. Air Canada has a 52-week low of C$14.47 and a 52-week high of C$26.18. The company has a market cap of C$7.91 billion, a price-to-earnings ratio of 4.92, a PEG ratio of 0.02 and a beta of 2.39. 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.

Insider Activity at Air Canada

In other Air Canada news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of C$21.71, for a total transaction of C$130,246.80. Insiders own 0.14% of the company’s stock.

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.