Air Canada (TSE:AC) Receives C$25.63 Consensus Target Price from Analysts

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.

Shares of Air Canada (TSE:AC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twelve brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$25.63.

Several equities research analysts have issued reports on AC shares. Royal Bank Of Canada dropped their price objective 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. Scotiabank lifted their price objective on Air Canada from C$24.00 to C$27.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Raymond James Financial lifted their price objective on Air Canada from C$24.00 to C$27.00 and gave the stock a "moderate buy" rating in a report on Tuesday, July 22nd. Canaccord Genuity Group lifted their price objective on Air Canada from C$27.00 to C$28.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Citigroup set a C$25.00 price objective on Air Canada and gave the stock a "buy" rating in a report on Monday, June 30th.

Air Canada Stock Up 0.2%

AC stock traded up C$0.03 during midday trading on Tuesday, hitting C$19.50. 1,150,101 shares of the company's stock were exchanged, compared to its average volume of 3,412,208. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. Air Canada has a 12-month low of C$12.69 and a 12-month high of C$26.18. The firm has a 50 day moving average price of C$20.48 and a 200-day moving average price of C$17.77. The stock has a market capitalization of C$5.77 billion, a price-to-earnings ratio of 4.94, a price-to-earnings-growth ratio of 0.02 and a beta of 1.73.

Air Canada Company Profile

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.