Air Canada (TSE:AC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Air Canada (TSE:AC) have been given a consensus rating of “Moderate Buy” by the fourteen analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$24.78.

Several equities analysts have weighed in on the company. National Bank Financial cut Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. ATB Capital lifted their target price on Air Canada from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Canaccord Genuity Group lowered their price target on Air Canada from C$28.00 to C$25.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Raymond James Financial boosted their price target on Air Canada from C$24.00 to C$27.00 and gave the company a “moderate buy” rating in a research note on Tuesday, July 22nd. Finally, Scotiabank lowered their price target on Air Canada from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research note on Wednesday, September 3rd.

Air Canada Trading Up 0.1%

TSE:AC opened at C$18.06 on Wednesday. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06. Air Canada has a fifty-two week low of C$12.69 and a fifty-two week high of C$26.18. The stock’s 50-day moving average is C$18.76 and its two-hundred day moving average is C$18.44. The stock has a market cap of C$5.35 billion, a PE ratio of 4.57, a price-to-earnings-growth ratio of 0.02 and a beta of 1.62.

About Air Canada

Air Canada is Canada’s largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.