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

Key Points

• Air Canada has received a consensus rating of "Moderate Buy" from fourteen analysts, with an average price target of C$24.78.
• The stock's performance includes a market cap of C$5.43 billion and a P/E ratio of 4.64, indicating potential valuation attractiveness.
• Air Canada's stock has seen significant fluctuations, with a fifty-two week low of C$12.69 and a high of C$26.18.

Air Canada (TSE:AC - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fourteen analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$24.78.

AC has been the topic of a number of research reports. Stifel Nicolaus lowered their price target on Air Canada from C$25.00 to C$24.00 and set a "buy" rating on the stock in a research report on Friday, September 26th. Raymond James Financial raised their price objective on Air Canada from C$24.00 to C$27.00 and gave the company a "moderate buy" rating in a report on Tuesday, July 22nd. CIBC decreased their price objective on Air Canada from C$24.00 to C$22.00 and set an "outperform" rating on the stock in a report on Friday, September 26th. BMO Capital Markets decreased their price target on shares of Air Canada from C$28.00 to C$27.00 in a research note on Thursday, October 9th. Finally, Citigroup set a C$25.00 price target on shares of Air Canada and gave the stock a "buy" rating in a research note on Monday, June 30th.

Air Canada Stock Performance

Air Canada stock opened at C$18.33 on Wednesday. The firm's fifty day moving average price is C$18.87 and its 200-day moving average price is C$18.30. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. The stock has a market cap of C$5.43 billion, a P/E ratio of 4.64, a price-to-earnings-growth ratio of 0.02 and a beta of 1.62. Air Canada has a fifty-two week low of C$12.69 and a fifty-two week high of C$26.18.

Air Canada Company Profile

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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