Air Canada (TSE:AC) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Air Canada has a consensus “Moderate Buy” rating from 10 analysts: six recommend buying the stock, while four rate it a hold.
• The average 12-month price target is C$25.25, with several firms recently raising their targets to C$29–C$30, although JPMorgan and TD lowered theirs.
• Shares opened at C$25.75 and have traded between C$16.45 and C$26.77 over the past year; the airline has a market capitalization of approximately C$7.39 billion.

Shares of Air Canada (TSE:AC - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten brokerages that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$25.25.

Several analysts have recently commented on the stock. National Bank Financial raised shares of Air Canada from a "hold" rating to an "outperform" rating and upped their price objective for the company from C$22.00 to C$29.00 in a report on Tuesday, July 7th. Stifel Nicolaus raised their target price on shares of Air Canada from C$25.50 to C$30.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. BMO Capital Markets raised their target price on shares of Air Canada from C$26.00 to C$30.00 and gave the stock an "outperform" rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. decreased their target price on shares of Air Canada from C$27.00 to C$23.00 in a research report on Monday, May 4th. Finally, TD lowered their price target on shares of Air Canada from C$23.00 to C$21.00 in a report on Monday, April 20th.

Air Canada Price Performance

Shares of TSE:AC opened at C$25.75 on Tuesday. Air Canada has a twelve month low of C$16.45 and a twelve month high of C$26.77. The company's 50 day moving average is C$23.82 and its 200 day moving average is C$20.83. The company has a current ratio of 0.60, a quick ratio of 1.05 and a debt-to-equity ratio of 452.24. The company has a market cap of C$7.39 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 0.02 and a beta of 2.02.

About Air Canada

Air Canada is Canada's largest airline, the country's flag carrier and a founding member of Star Alliance, the world's most comprehensive air transportation network. Headquartered in Montréal, Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada's Aeroplan program is Canada's premier travel loyalty program, with more than 10 million members worldwide. Members can earn or redeem points on the world's largest airline partner network of more than 50 airlines, plus through an extensive range of merchandise, hotel and car rental partners.

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