Air Canada (TSE:AC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Air Canada (TSE:AC) has earned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$23.75.

AC has been the subject of several research analyst reports. ATB Capital cut their price objective on Air Canada from C$27.00 to C$26.50 and set an “outperform” rating for the company in a report on Tuesday, September 10th. National Bankshares cut their price target on Air Canada from C$24.00 to C$22.00 and set an “outperform” rating for the company in a research note on Wednesday, September 25th. Royal Bank of Canada lowered their price objective on shares of Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 23rd. BMO Capital Markets cut their target price on shares of Air Canada from C$33.00 to C$28.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Finally, Scotiabank reduced their target price on shares of Air Canada from C$27.00 to C$21.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th.

Insiders Place Their Bets

In related news, Senior Officer Christophe Hennebelle purchased 1,900 shares of Air Canada stock in a transaction on Friday, August 9th. The shares were bought at an average cost of C$15.70 per share, for a total transaction of C$29,830.00. 0.14% of the stock is currently owned by corporate insiders.

Air Canada Price Performance

Shares of TSE:AC opened at C$17.15 on Friday. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85. The firm has a market cap of C$6.15 billion, a price-to-earnings ratio of 3.83, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The business has a 50-day simple moving average of C$15.76 and a two-hundred day simple moving average of C$17.46. Air Canada has a fifty-two week low of C$14.47 and a fifty-two week high of C$20.47.

Air Canada (TSE:AC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.98 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.85 by C$0.13. Air Canada had a net margin of 7.92% and a return on equity of 603.77%. The company had revenue of C$5.52 billion for the quarter, compared to the consensus estimate of C$5.55 billion. On average, analysts expect that Air Canada will post 2.8191126 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.