Air Canada (TSE:AC) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Air Canada (TSE:AC - Get Free Report) have received an average rating of "Moderate Buy" from the fourteen analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$24.31.

A number of equities research analysts have recently issued reports on AC shares. Jefferies Financial Group downgraded shares of Air Canada from a "hold" rating to an "underperform" rating and reduced their price target for the company from C$18.00 to C$12.00 in a research note on Tuesday, April 1st. Canaccord Genuity Group lifted their target price on shares of Air Canada from C$24.00 to C$27.00 in a report on Monday, May 12th. CIBC decreased their price target on Air Canada from C$24.00 to C$21.00 in a research note on Thursday, April 10th. Raymond James lowered their price target on Air Canada from C$28.00 to C$24.00 in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus boosted their price objective on Air Canada from C$22.00 to C$23.00 in a report on Monday, May 12th.

Air Canada Trading Down 1.1%

Shares of TSE AC traded down C$0.21 during trading on Thursday, hitting C$18.56. 2,113,541 shares of the company were exchanged, compared to its average volume of 3,455,187. The company has a fifty day moving average price of C$16.43 and a 200-day moving average price of C$18.45. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. The firm has a market capitalization of C$6.62 billion, a PE ratio of 2.61, a P/E/G ratio of 0.02 and a beta of 2.39. Air Canada has a 12-month low of C$12.69 and a 12-month high of C$26.18.

Insiders Place Their Bets

In other Air Canada news, Senior Officer Craig Landry bought 7,909 shares of the business's stock in a transaction dated Monday, March 31st. The stock was acquired at an average cost of C$13.99 per share, with a total value of C$110,646.91. 0.14% of the stock is currently owned by insiders.

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.