Air Canada (TSE:AC) Stock Passes Above 50 Day Moving Average of $18.34

Air Canada (TSE:AC - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$18.34 and traded as high as C$19.74. Air Canada shares last traded at C$19.64, with a volume of 1,694,434 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have commented on AC shares. BMO Capital Markets restated a "buy" rating and set a C$32.00 price objective on shares of Air Canada in a research report on Tuesday, February 20th. CIBC restated an "outperform" rating and set a C$30.00 price objective on shares of Air Canada in a research report on Wednesday, December 6th. National Bankshares set a C$31.00 price objective on shares of Air Canada and gave the company an "outperform" rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. boosted their price objective on shares of Air Canada from C$38.00 to C$41.00 and gave the company an "overweight" rating in a research report on Thursday, February 22nd. Finally, TD Securities boosted their target price on shares of Air Canada from C$30.00 to C$34.00 and gave the stock a "buy" rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Air Canada currently has an average rating of "Moderate Buy" and a consensus target price of C$30.04.

Air Canada Stock Down 0.2 %

The stock's 50-day moving average price is C$18.37 and its two-hundred day moving average price is C$18.37. The stock has a market capitalization of C$7.03 billion, a P/E ratio of 3.29, a P/E/G ratio of 0.02 and a beta of 2.40. 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 released its quarterly earnings data on Friday, February 16th. The company reported C($0.12) EPS for the quarter, missing the consensus estimate of C($0.05) by C($0.07). The company had revenue of C$5.18 billion for the quarter, compared to the consensus estimate of C$5.05 billion. As a group, research analysts expect that Air Canada will post 2.9514107 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Mark Youssef Nasr acquired 2,406 shares of the stock in a transaction dated Thursday, February 29th. The shares were purchased at an average price of C$18.21 per share, for a total transaction of C$43,823.37. Corporate insiders own 0.17% of the company's stock.

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.