Air Canada (TSE:AC - Get Free Report)'s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$16.32 and traded as high as C$19.22. Air Canada shares last traded at C$18.83, with a volume of 1,949,697 shares.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the stock. Scotiabank dropped their price objective on shares of Air Canada from C$25.00 to C$21.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Jefferies Financial Group downgraded shares of Air Canada from a "hold" rating to an "underperform" rating and lowered their target price for the stock from C$18.00 to C$12.00 in a research note on Tuesday, April 1st. Canaccord Genuity Group increased their target price on Air Canada from C$24.00 to C$27.00 in a report on Monday, May 12th. JPMorgan Chase & Co. downgraded 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 report on Monday, March 3rd. Finally, Royal Bank of Canada raised Air Canada from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from C$16.00 to C$25.00 in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$24.31.
View Our Latest Analysis on AC
Air Canada Price Performance
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 50 day moving average price of C$16.32 and a 200 day moving average price of C$18.45. The firm has a market cap of C$6.70 billion, a PE ratio of 2.64, a PEG ratio of 0.02 and a beta of 2.39.
Insider Activity at Air Canada
In related news, Senior Officer Craig Landry purchased 7,909 shares of the business's stock in a transaction dated Monday, March 31st. The stock was acquired at an average price of C$13.99 per share, for a total transaction of C$110,646.91. 0.14% of the stock is owned by insiders.
Air Canada Company Profile
(
Get Free Report)
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.
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