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

Air Canada (TSE:AC - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$30.35.

A number of analysts have issued reports on the company. Royal Bank of Canada set a C$18.00 price target on Air Canada and gave the stock a "sector perform" rating in a research note on Thursday, April 4th. National Bankshares set a C$31.00 price target on Air Canada and gave the stock an "outperform" rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. raised their price target on Air Canada from C$38.00 to C$41.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. ATB Capital decreased their price target on Air Canada from C$33.00 to C$32.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 20th. Finally, BMO Capital Markets reissued a "buy" rating and issued a C$32.00 price target on shares of Air Canada in a research note on Tuesday, February 20th.

Insiders Place Their Bets

In other Air Canada news, Senior Officer Mark Youssef Nasr purchased 2,406 shares of Air Canada stock in a transaction on Thursday, February 29th. The stock was bought at an average price of C$18.21 per share, for a total transaction of C$43,823.37. 0.17% of the stock is owned by company insiders.

Air Canada Price Performance

Shares of AC stock traded down C$0.57 during mid-day trading on Friday, reaching C$18.47. The stock had a trading volume of 2,256,261 shares, compared to its average volume of 2,239,149. Air Canada has a 12-month low of C$16.04 and a 12-month high of C$26.04. The company has a market cap of C$6.62 billion, a P/E ratio of 3.10, a price-to-earnings-growth ratio of 0.02 and a beta of 2.42. The business has a 50-day simple moving average of C$18.64 and a 200 day simple moving average of C$18.33. The company has a current ratio of 1.02, a quick ratio of 1.06 and a debt-to-equity ratio of 1,741.46.

Air Canada (TSE:AC - Get Free Report) last posted its quarterly earnings data on Friday, February 16th. The company reported C($0.12) EPS for the quarter, missing analysts' consensus estimates of C($0.05) by C($0.07). The company had revenue of C$5.18 billion during the quarter, compared to analyst estimates of C$5.05 billion. On average, sell-side analysts anticipate that Air Canada will post 2.9504792 earnings per share for the current year.

About Air Canada

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.