Air Canada (TSE:AC) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Air Canada has been given a consensus rating of "Moderate Buy" from twelve analysts, with varying ratings including one sell and one strong buy.
• The average 1-year price objective for Air Canada is C$25.63, with several brokerages adjusting their price targets recently.
• Shares of Air Canada recently traded at C$19.67, with its market capitalization at C$7.02 billion and a significant debt-to-equity ratio of 400.00.

Air Canada (TSE:AC - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twelve analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$25.63.

A number of brokerages have commented on AC. Stifel Nicolaus raised their price objective on Air Canada from C$23.00 to C$25.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. ATB Capital raised their price objective on Air Canada from C$31.00 to C$32.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Citigroup set a C$25.00 price objective on Air Canada and gave the company a "buy" rating in a research note on Monday, June 30th. Royal Bank Of Canada dropped their target price on Air Canada from C$27.00 to C$25.00 and set an "outperform" rating on the stock in a report on Wednesday, August 20th. Finally, Raymond James Financial raised their target price on Air Canada from C$24.00 to C$27.00 and gave the company a "moderate buy" rating in a report on Tuesday, July 22nd.

Air Canada Trading Down 0.7%

Shares of Air Canada stock opened at C$19.67 on Tuesday. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. Air Canada has a 52 week low of C$12.69 and a 52 week high of C$26.18. The stock has a 50 day moving average price of C$20.40 and a two-hundred day moving average price of C$17.72. The stock has a market capitalization of C$7.02 billion, a PE ratio of 2.77, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39.

About Air Canada

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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