Air Canada (TSE:AC) Receives C$23.70 Consensus Target Price from Analysts

Air Canada (TSE:AC) has received an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$25.27.

A number of equities analysts have issued reports on the company. Royal Bank of Canada reduced their target price on Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 23rd. Stifel Nicolaus upgraded shares of Air Canada from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$20.00 to C$25.50 in a report on Monday. Scotiabank increased their target price on shares of Air Canada from C$24.00 to C$26.50 in a report on Monday. Canaccord Genuity Group lifted their price target on shares of Air Canada from C$25.00 to C$29.00 in a research report on Monday. Finally, Raymond James lowered their price objective on shares of Air Canada from C$28.00 to C$22.00 and set an “outperform” rating for the company in a research report on Tuesday, July 23rd.

Insider Buying and Selling

In other Air Canada news, Senior Officer Christophe Hennebelle acquired 1,900 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average price of C$15.70 per share, with a total value of C$29,830.00. 0.14% of the stock is owned by corporate insiders.

Air Canada Price Performance

Shares of AC stock opened at C$22.18 on Wednesday. The firm’s 50 day moving average price is C$16.97 and its two-hundred day moving average price is C$17.42. The stock has a market cap of C$7.95 billion, a PE ratio of 4.95, a PEG ratio of 0.02 and a beta of 2.39. Air Canada has a 52-week low of C$14.47 and a 52-week high of C$22.25. 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.

Air Canada (TSE:AC) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.98 EPS for the quarter, topping analysts’ consensus estimates of C$0.85 by C$0.13. The business had revenue of C$5.52 billion during the quarter, compared to analysts’ expectations of C$5.55 billion. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. As a group, analysts forecast that Air Canada will post 2.5789474 EPS for the current 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.