Air Canada (TSE:AC) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on Air Canada, with eight buy ratings and three holds among 11 analysts. The average 12-month price target is C$32.29.
• Several brokerages recently raised their targets, including Scotia to C$37.50, Stifel Nicolaus to C$38.00, and BMO Capital Markets to C$37.00; Scotiabank also upgraded the stock to “sector outperform.”
• Air Canada reported quarterly revenue of C$6.27 billion and EPS of C$0.40. Shares opened at C$28.72, with the stock trading between a 52-week range of C$16.45 and C$31.45.

Air Canada (TSE:AC - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eleven ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$32.29.

Several analysts recently issued reports on the stock. Scotia boosted their target price on shares of Air Canada from C$33.50 to C$37.50 and gave the company a "sector outperform" rating in a research report on Wednesday, August 19th. UBS Group boosted their price objective on shares of Air Canada from C$24.00 to C$33.00 in a research report on Thursday, August 13th. Scotiabank upgraded Air Canada from a "hold" rating to a "sector outperform" rating and lifted their target price for the company from C$26.00 to C$33.50 in a research report on Tuesday, August 11th. Stifel Nicolaus boosted their price target on Air Canada from C$30.00 to C$38.00 and gave the company a "buy" rating in a report on Wednesday, August 19th. Finally, BMO Capital Markets upped their price target on Air Canada from C$30.00 to C$37.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 12th.

Air Canada Trading Down 0.0%

Shares of TSE:AC opened at C$28.72 on Friday. The stock has a market capitalization of C$8.05 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 0.02 and a beta of 2.02. The company has a debt-to-equity ratio of 478.10, a quick ratio of 1.05 and a current ratio of 0.60. The stock's 50-day simple moving average is C$26.16 and its two-hundred day simple moving average is C$22.02. Air Canada has a 52-week low of C$16.45 and a 52-week high of C$31.45.

Air Canada (TSE:AC - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported C$0.40 EPS for the quarter. Air Canada had a net margin of 1.82% and a return on equity of 16.92%. The firm had revenue of C$6.27 billion during the quarter. Analysts expect that Air Canada will post 2.5789474 EPS for the current year.

Air Canada Company Profile

Air Canada is Canada's largest airline, the country's flag carrier and a founding member of Star Alliance, the world's most comprehensive air transportation network. Headquartered in Montréal, Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada's Aeroplan program is Canada's premier travel loyalty program, with more than 10 million members worldwide. Members can earn or redeem points on the world's largest airline partner network of more than 50 airlines, plus through an extensive range of merchandise, hotel and car rental partners.

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