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

Air Canada (TSE:AC - Get Free Report) has received an average rating of "Moderate Buy" from the fourteen brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$24.31.

A number of analysts recently weighed in on the stock. CIBC decreased their price target on shares of Air Canada from C$24.00 to C$21.00 in a research note on Thursday, April 10th. JPMorgan Chase & Co. cut shares of Air Canada from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from C$34.00 to C$24.00 in a research note on Monday, March 3rd. Royal Bank of Canada upgraded shares of Air Canada from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from C$16.00 to C$25.00 in a research note on Monday, May 12th. Scotiabank decreased their price target on shares of Air Canada from C$25.00 to C$21.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Canaccord Genuity Group increased their price target on shares of Air Canada from C$24.00 to C$27.00 in a research note on Monday, May 12th.

Insider Activity at Air Canada

In other Air Canada news, Senior Officer Craig Landry acquired 7,909 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were purchased 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 owned by corporate insiders.

Air Canada Stock Up 0.6%

Shares of Air Canada stock traded up C$0.12 during trading hours on Friday, hitting C$18.74. The company had a trading volume of 2,837,843 shares, compared to its average volume of 3,514,356. The company's 50-day moving average is C$15.20 and its two-hundred day moving average is C$18.91. Air Canada has a twelve month low of C$12.69 and a twelve month high of C$26.18. 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 company has a market cap of C$6.68 billion, a P/E ratio of 2.64, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39.

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.