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

Key Points

• Air Canada has a consensus rating of "Moderate Buy" from 10 analysts—split five "buy" and five "hold"—with an average 12‑month price target of C$23.50.
• Several major brokerages recently cut targets this quarter (Stifel to C$25.50; Scotiabank to C$21; TD to C$21; RBC to C$22; CIBC to C$22), signaling downward revisions to estimates.
• Shares opened at C$18.26 (down ~2.1%), with a market cap of C$5.38B, P/E of 9.82 and a very high debt‑to‑equity ratio of 452.24; 52‑week range C$14.25–C$23.72.

Air Canada (TSE:AC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$23.50.

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus dropped their price objective on Air Canada from C$28.00 to C$25.50 and set a "buy" rating for the company in a research note on Tuesday, April 28th. Scotiabank downgraded Air Canada from an "outperform" rating to a "hold" rating and decreased their target price for the company from C$27.00 to C$21.00 in a research note on Tuesday, March 10th. TD lowered their price target on Air Canada from C$23.00 to C$21.00 in a report on Monday, April 20th. Royal Bank Of Canada dropped their price target on Air Canada from C$25.00 to C$22.00 in a research note on Monday, April 13th. Finally, Canadian Imperial Bank of Commerce cut their price objective on shares of Air Canada from C$25.00 to C$22.00 in a report on Wednesday, April 8th.

Air Canada Stock Down 2.1%

AC opened at C$18.26 on Friday. The stock has a market cap of C$5.38 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 0.02 and a beta of 1.56. The company has a debt-to-equity ratio of 452.24, a quick ratio of 1.06 and a current ratio of 0.60. The firm's fifty day moving average is C$18.51 and its 200 day moving average is C$18.90. Air Canada has a fifty-two week low of C$14.25 and a fifty-two week high of C$23.72.

About Air Canada

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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