Air Canada (TSE:AC) Receives C$26.60 Average Price Target from Analysts

Shares of Air Canada (TSE:AC) have been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$26.60.

AC has been the topic of a number of research reports. ATB Capital increased their target price on shares of Air Canada from C$28.00 to C$31.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Scotiabank increased their price objective on shares of Air Canada from C$26.50 to C$29.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. CIBC lifted their target price on Air Canada from C$27.00 to C$28.00 in a research note on Wednesday, December 4th. 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. Finally, Jefferies Financial Group raised their price target on Air Canada from C$22.00 to C$23.00 in a report on Monday, January 6th.

Air Canada Stock Performance

Shares of Air Canada stock opened at C$20.45 on Monday. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85. Air Canada has a 1 year low of C$14.47 and a 1 year high of C$26.18. The firm’s 50-day simple moving average is C$23.29 and its 200-day simple moving average is C$19.12. The firm has a market cap of C$7.33 billion, a PE ratio of 4.56, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39.

Insider Activity

In other Air Canada news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were 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.

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.