Air Canada (TSE:AC) Receives C$25.57 Average Price Target from Analysts

Key Points

• Air Canada has received a consensus rating of "Moderate Buy" from twelve research firms, with one sell, one hold, nine buy, and one strong buy recommendation.
• The average one-year price target for Air Canada stock is C$25.57, according to brokerage reports.
• Air Canada's stock is currently trading at C$18.91, with a recent market cap of C$5.60 billion and a PE ratio of 4.79.

Shares of Air Canada (TSE:AC - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$25.57.

A number of research analysts recently issued reports on AC shares. Stifel Nicolaus raised their target price on shares of 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. National Bankshares increased their price target on shares of Air Canada from C$24.00 to C$26.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Canaccord Genuity Group increased their price target on shares of Air Canada from C$27.00 to C$28.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Raymond James Financial increased their price target on shares of 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. Finally, ATB Capital increased their price target on shares of Air Canada from C$31.00 to C$32.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th.

Air Canada Stock Performance

TSE:AC traded up C$0.13 during midday trading on Friday, reaching C$19.18. The stock had a trading volume of 219,089 shares, compared to its average volume of 3,304,088. Air Canada has a 1-year low of C$12.69 and a 1-year high of C$26.18. The firm's fifty day simple moving average is C$19.73 and its 200-day simple moving average is C$17.99. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06. The stock has a market capitalization of C$5.68 billion, a P/E ratio of 4.86, a PEG ratio of 0.02 and a beta of 1.73.

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.