Air Canada (TSE:AC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Air Canada (TSE:AC) have been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$29.18.

AC has been the subject of a number of recent analyst reports. ATB Capital boosted their price target on shares of Air Canada from C$32.00 to C$33.00 in a research report on Friday, May 3rd. Jefferies Financial Group dropped their price objective on shares of Air Canada from C$20.00 to C$19.00 in a report on Thursday, June 20th. Royal Bank of Canada set a C$18.00 price objective on shares of Air Canada and gave the stock a “sector perform” rating in a report on Thursday, April 4th. CIBC dropped their price objective on shares of Air Canada from C$30.00 to C$28.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Finally, TD Securities dropped their price objective on shares of Air Canada from C$34.00 to C$33.00 and set a “buy” rating for the company in a report on Friday, May 3rd.

Air Canada Stock Down 0.8 %

AC opened at C$17.80 on Thursday. The company has a fifty day moving average price of C$18.30 and a 200-day moving average price of C$18.53. The firm has a market capitalization of C$6.38 billion, a P/E ratio of 3.08, a price-to-earnings-growth ratio of 0.02 and a beta of 2.40. The company has a debt-to-equity ratio of 1,767.66, a current ratio of 0.85 and a quick ratio of 1.06. Air Canada has a one year low of C$16.04 and a one year high of C$26.04.

Air Canada (TSE:AC) last released its quarterly earnings results on Thursday, May 2nd. The company reported C($0.27) EPS for the quarter, missing analysts’ consensus estimates of C($0.15) by C($0.12). The firm had revenue of C$5.23 billion for the quarter, compared to analysts’ expectations of C$5.13 billion. Equities research analysts expect that Air Canada will post 3.1906412 earnings per share for the current fiscal year.

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.