Air Canada (TSE:AC) Receives C$23.63 Consensus Target Price from Analysts

Air Canada (TSE:AC - Get Free Report) has earned an average recommendation of "Moderate Buy" from the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$23.63.

Several research analysts recently commented on the company. Canaccord Genuity Group reduced their price objective on Air Canada from C$29.00 to C$24.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. CIBC cut their price objective on shares of Air Canada from C$24.00 to C$21.00 in a report on Thursday, April 10th. Scotiabank cut their price target on Air Canada from C$25.00 to C$21.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. National Bankshares dropped their target price on Air Canada from C$27.00 to C$23.00 in a report on Thursday, April 10th. Finally, BMO Capital Markets reduced their price target on shares of Air Canada from C$31.00 to C$29.00 and set an "outperform" rating on the stock in a research report on Thursday, April 3rd.

Insider Activity at Air Canada

In other Air Canada news, Director Vagn Sorensen acquired 11,440 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were purchased at an average cost of C$17.40 per share, with a total value of C$199,057.14. Also, Senior Officer Craig Landry purchased 13,644 shares of Air Canada stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of C$16.75 per share, for a total transaction of C$228,546.55. Insiders have acquired a total of 32,993 shares of company stock worth $538,251 over the last three months. 0.14% of the stock is currently owned by corporate insiders.

Air Canada Price Performance

Shares of TSE AC traded up C$0.04 during trading on Wednesday, hitting C$14.01. The company had a trading volume of 420,836 shares, compared to its average volume of 3,349,759. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00. Air Canada has a fifty-two week low of C$12.69 and a fifty-two week high of C$26.18. The firm has a market capitalization of C$5.00 billion, a price-to-earnings ratio of 1.97, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The stock has a fifty day simple moving average of C$14.82 and a two-hundred day simple moving average of C$19.05.

About Air Canada

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.