Air Canada (TSE:AC) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Air Canada (TSE:AC – Get Free Report) has been assigned an average rating of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$33.08.

AC has been the subject of several recent research reports. Royal Bank Of Canada boosted their price objective on Air Canada from C$28.00 to C$37.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. ATB Cormark Capital Markets raised their target price on shares of Air Canada from C$32.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Scotiabank raised shares of Air Canada from a “hold” rating to a “sector outperform” rating and lifted their target price for the stock from C$26.00 to C$33.50 in a research note on Tuesday, August 11th. Canaccord Genuity Group increased their price target on shares of Air Canada from C$20.00 to C$26.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Finally, Scotia raised their price target on shares of Air Canada from C$33.50 to C$37.50 and gave the stock a “sector outperform” rating in a report on Wednesday, August 19th.

Check Out Our Latest Stock Analysis on AC

Air Canada Stock Down 0.5%

Shares of TSE:AC opened at C$25.78 on Wednesday. The stock has a market capitalization of C$6.52 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 0.02 and a beta of 1.86. The stock’s 50-day moving average price is C$27.68 and its 200-day moving average price is C$23.32. The company has a current ratio of 0.60, a quick ratio of 1.05 and a debt-to-equity ratio of 478.10. Air Canada has a 12-month low of C$16.45 and a 12-month high of C$31.45.

Air Canada (TSE:AC – Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported C$0.40 earnings per share for the quarter. Air Canada had a return on equity of 16.92% and a net margin of 1.82%.The company had revenue of C$6.27 billion during the quarter. On average, equities analysts anticipate that Air Canada will post 2.5789474 earnings per share for the current year.

Air Canada Company Profile

(Get Free Report)

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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Analyst Recommendations for Air Canada (TSE:AC)

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