Brokerages Set Air Canada (TSE:AC) Target Price at C$25.20

Shares of Air Canada (TSE:AC - Get Free Report) have earned a consensus rating of "Moderate Buy" from the thirteen analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$24.67.

A number of analysts have weighed in on AC shares. BMO Capital Markets reduced their price target on shares of Air Canada from C$31.00 to C$29.00 and set an "outperform" rating for the company in a report on Thursday. Cormark increased their target price on shares of Air Canada from C$26.75 to C$29.50 in a research note on Wednesday, December 18th. Scotiabank boosted their price target on Air Canada from C$26.50 to C$29.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Jefferies Financial Group cut Air Canada from a "hold" rating to an "underperform" rating and cut their price target for the company from C$18.00 to C$12.00 in a report on Tuesday. Finally, CIBC decreased their price objective on Air Canada from C$28.00 to C$24.00 in a report on Tuesday, February 18th.

Insider Activity

In other Air Canada news, Senior Officer Craig Landry bought 13,644 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were bought at an average price of C$16.75 per share, for a total transaction of C$228,546.55. Also, Director Vagn Sorensen bought 11,440 shares of the stock in a transaction dated Wednesday, February 19th. The stock was acquired at an average price of C$17.40 per share, with a total value of C$199,057.14. In the last quarter, insiders have bought 32,993 shares of company stock worth $538,251. Corporate insiders own 0.14% of the company's stock.

Air Canada Stock Down 3.1 %

TSE:AC traded down C$0.44 during trading hours on Friday, hitting C$13.55. 4,969,817 shares of the company's stock traded hands, compared to its average volume of 3,425,908. The stock's fifty day moving average price is C$16.65 and its two-hundred day moving average price is C$19.41. The firm has a market cap of C$4.83 billion, a P/E ratio of 1.91, a P/E/G ratio of 0.02 and a beta of 2.39. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. Air Canada has a twelve month low of C$13.11 and a twelve month high of C$26.18.

Air Canada Company Profile

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.