Shares of Air Canada (TSE:AC - Get Free Report) have earned an average rating of "Moderate Buy" from the twelve research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$25.63.
A number of equities research analysts recently weighed in on AC shares. CIBC decreased their price objective on Air Canada from C$24.00 to C$21.00 in a research note on Thursday, April 10th. Scotiabank upped their price objective on Air Canada from C$24.00 to C$27.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada upgraded Air Canada from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from C$16.00 to C$25.00 in a research note on Monday, May 12th. Raymond James Financial upped their price objective on Air Canada from C$24.00 to C$27.00 and gave the stock a "moderate buy" rating in a research note on Tuesday, July 22nd. Finally, Citigroup set a C$25.00 price objective on Air Canada and gave the stock a "buy" rating in a research note on Monday, June 30th.
View Our Latest Report on AC
Air Canada Stock Down 1.2%
Shares of AC stock traded down C$0.24 during mid-day trading on Friday, hitting C$19.06. The stock had a trading volume of 3,044,175 shares, compared to its average volume of 3,487,817. Air Canada has a 12-month low of C$12.69 and a 12-month high of C$26.18. The firm has a market capitalization of C$6.80 billion, a P/E ratio of 2.68, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The firm's 50-day moving average is C$20.27 and its two-hundred day moving average is C$17.74. 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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Air Canada is Canada's largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.
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