Shares of Air Canada (TSE:AC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the fourteen brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$23.63.
A number of research firms recently commented on AC. Stifel Nicolaus dropped their price target on Air Canada from C$28.00 to C$26.00 in a research note on Tuesday, February 18th. Canaccord Genuity Group lowered their target price on Air Canada from C$29.00 to C$24.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. BMO Capital Markets reduced their price target on shares of Air Canada from C$31.00 to C$29.00 and set an "outperform" rating on the stock in a research note on Thursday, April 3rd. JPMorgan Chase & Co. cut shares of Air Canada from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from C$34.00 to C$24.00 in a research report on Monday, March 3rd. Finally, National Bankshares dropped their price objective on shares of Air Canada from C$27.00 to C$23.00 in a research note on Thursday, April 10th.
Get Our Latest Stock Report on Air Canada
Insider Buying and Selling at Air Canada
In other Air Canada news, Senior Officer Craig Landry purchased 13,644 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of C$16.75 per share, for a total transaction of C$228,546.55. Also, Director Vagn Sorensen acquired 11,440 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average price of C$17.40 per share, with a total value of C$199,057.14. Over the last three months, insiders have acquired 32,993 shares of company stock valued at $538,251. Corporate insiders own 0.14% of the company's stock.
Air Canada Stock Performance
Air Canada stock traded down C$0.06 during trading hours on Wednesday, hitting C$14.01. The company had a trading volume of 2,243,175 shares, compared to its average volume of 3,430,565. The firm has a 50-day moving average of C$14.95 and a 200 day moving average of C$19.10. The firm has a market cap of C$5.00 billion, a PE ratio of 1.97, a PEG ratio of 0.02 and a beta of 2.39. Air Canada has a one year low of C$12.69 and a one year high of C$26.18. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06.
About Air Canada
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Get Free ReportAir 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.
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