Analysts Set Air Canada (TSE:AC) PT at C$24.22

Shares of Air Canada (TSE:AC - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fourteen brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$24.22.

A number of analysts recently weighed in on the company. BMO Capital Markets dropped their target price on Air Canada from C$31.00 to C$29.00 and set an "outperform" rating for the company in a research report on Thursday, April 3rd. Scotiabank dropped their target price on Air Canada from C$25.00 to C$21.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Citigroup set a C$25.00 target price on Air Canada and gave the stock a "buy" rating in a research report on Monday, June 30th. Jefferies Financial Group downgraded Air Canada from a "hold" rating to an "underperform" rating and dropped their target price for the stock from C$18.00 to C$12.00 in a research report on Tuesday, April 1st. Finally, National Bankshares lowered their price objective on Air Canada from C$27.00 to C$23.00 in a research report on Thursday, April 10th.

Air Canada Price Performance

Shares of AC traded up C$0.28 during trading hours on Monday, reaching C$22.03. 2,713,752 shares of the company's stock traded hands, compared to its average volume of 3,486,602. The stock has a market cap of C$7.86 billion, a PE ratio of 3.10, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. The firm's 50 day simple moving average is C$18.38 and its 200-day simple moving average is C$17.80. Air Canada has a 12 month low of C$12.69 and a 12 month high of C$26.18.

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.