Air Canada (TSE:AC) Receives C$23.79 Consensus Target Price from Brokerages

Shares of Air Canada (TSE:AC) have been given a consensus rating of “Moderate Buy” by the thirteen research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$23.79.

AC has been the topic of a number of analyst reports. Citigroup lowered their price target on Air Canada from C$25.00 to C$21.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Cormark lowered their price target on Air Canada from C$25.50 to C$21.25 in a research report on Tuesday, July 23rd. Raymond James decreased their target price on Air Canada from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a report on Tuesday, July 23rd. BMO Capital Markets decreased their target price on Air Canada from C$33.00 to C$28.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Finally, TD Securities decreased their target price on Air Canada from C$25.00 to C$19.00 in a report on Wednesday, July 24th.

Air Canada Stock Performance

Shares of TSE:AC opened at C$15.30 on Friday. The business’s fifty day moving average price is C$16.51 and its two-hundred day moving average price is C$17.93. Air Canada has a fifty-two week low of C$14.47 and a fifty-two week high of C$23.21. The stock has a market capitalization of C$5.48 billion, a price-to-earnings ratio of 3.42, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a debt-to-equity ratio of 1,070.99, a current ratio of 0.85 and a quick ratio of 1.06.

Insider Transactions at Air Canada

In other Air Canada news, Senior Officer Christophe Hennebelle purchased 1,900 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were bought at an average price of C$15.70 per share, with a total value of C$29,830.00. 0.17% of the stock is currently owned by insiders.

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.