QQQ   563.81   (+0.46%)
Why Meta’s AI Titan Clusters Are a Game-Changer for Broadcom
5 Stocks to Buy and Hold for the Rise of Physical AI
2 Chinese Stocks That Could Leave U.S. Tech in the Dust
4 Major Stocks Raise 2025 Guidance, Analyst Targets Rise
The Bottom Is in for Kohl’s, But Let the Share Price Come to You
What's Behind Opendoor Technologies' Rally? Is Meme Mania Back?
Healthcare Stocks Hit Valuation Bottom, 3 Names to Rebound
QQQ   563.81   (+0.46%)
Why Meta’s AI Titan Clusters Are a Game-Changer for Broadcom
5 Stocks to Buy and Hold for the Rise of Physical AI
2 Chinese Stocks That Could Leave U.S. Tech in the Dust
4 Major Stocks Raise 2025 Guidance, Analyst Targets Rise
The Bottom Is in for Kohl’s, But Let the Share Price Come to You
What's Behind Opendoor Technologies' Rally? Is Meme Mania Back?
Healthcare Stocks Hit Valuation Bottom, 3 Names to Rebound
Free Trial

Air Canada (TSE:AC) Stock Price Passes Above Fifty Day Moving Average - Here's Why

Air Canada logo with Industrials background

Air Canada (TSE:AC - Get Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$15.27 and traded as high as C$18.94. Air Canada shares last traded at C$18.79, with a volume of 846,345 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AC. BMO Capital Markets reduced their price objective on Air Canada from C$31.00 to C$29.00 and set an "outperform" rating for the company in a research note on Thursday, April 3rd. Royal Bank of Canada raised Air Canada from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from C$16.00 to C$25.00 in a research report on Monday, May 12th. Stifel Nicolaus raised their target price on Air Canada from C$22.00 to C$23.00 in a research report on Monday, May 12th. National Bankshares decreased their target price on Air Canada from C$27.00 to C$23.00 in a research report on Thursday, April 10th. Finally, CIBC decreased their target price on Air Canada from C$24.00 to C$21.00 in a research report on Thursday, April 10th. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$24.31.

Check Out Our Latest Stock Report on Air Canada

Air Canada Trading Down 1.7%

The company has a fifty day simple moving average of C$15.60 and a two-hundred day simple moving average of C$18.77. 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 market capitalization of C$6.86 billion, a P/E ratio of 2.71, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39.

Insider Buying and Selling at Air Canada

In other Air Canada news, Senior Officer Craig Landry acquired 7,909 shares of the company's stock in a transaction dated Monday, March 31st. The shares were acquired at an average cost of C$13.99 per share, for a total transaction of C$110,646.91. Corporate insiders own 0.14% of the company's stock.

About Air Canada

(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.

Read More

Should You Invest $1,000 in Air Canada Right Now?

Before you consider Air Canada, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Air Canada wasn't on the list.

While Air Canada currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Small-Cap Biotech Stocks With Catalysts Too Big to Ignore
AI Stocks Are Printing Money — These 3 Are Just Getting Started
Why Drone Stocks Are Skyrocketing Right Now!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines