Air Canada (TSE:AC - Get Free Report) has earned an average rating of "Moderate Buy" from the twelve ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$25.57.
A number of research firms have recently commented on AC. Raymond James Financial lifted their target price on Air Canada from C$24.00 to C$27.00 and gave the stock a "moderate buy" rating in a research report on Tuesday, July 22nd. National Bankshares raised their price target on Air Canada from C$24.00 to C$26.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Canaccord Genuity Group raised their price target 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. Scotiabank lowered their price target on Air Canada from C$27.00 to C$26.00 and set an "outperform" rating on the stock in a report on Wednesday, September 3rd. Finally, Citigroup set a C$25.00 price target on Air Canada and gave the stock a "buy" rating in a report on Monday, June 30th.
Check Out Our Latest Research Report on AC
Air Canada Stock Performance
Shares of AC traded up C$0.06 during midday trading on Friday, reaching C$18.91. 3,378,903 shares of the stock were exchanged, compared to its average volume of 3,329,062. The business's 50-day moving average price is C$19.79 and its 200 day moving average price is C$17.96. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06. Air Canada has a twelve month low of C$12.69 and a twelve month high of C$26.18. The company has a market capitalization of C$5.60 billion, a price-to-earnings ratio of 4.79, a PEG ratio of 0.02 and a beta of 1.73.
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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