Analysts Set Air Canada (TSE:AC) PT at C$26.50

Shares of Air Canada (TSE:AC) have been given an average recommendation of “Moderate Buy” by the fourteen research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$26.67.

Several research firms recently commented on AC. BMO Capital Markets raised their price target on shares of Air Canada from C$29.00 to C$31.00 in a research note on Wednesday, December 18th. Stifel Nicolaus lifted their price target on shares of Air Canada from C$25.50 to C$28.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Canaccord Genuity Group boosted their price target on Air Canada from C$25.00 to C$29.00 in a report on Monday, November 4th. Jefferies Financial Group raised their price objective on Air Canada from C$18.00 to C$22.00 in a report on Tuesday, November 5th. Finally, TD Cowen upped their target price on Air Canada to C$25.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th.

Insider Transactions at Air Canada

In related news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$21.71, for a total value of C$130,246.80. Insiders own 0.14% of the company’s stock.

Air Canada Stock Performance

AC stock opened at C$22.24 on Thursday. Air Canada has a twelve month low of C$14.47 and a twelve month high of C$26.18. The firm has a market cap of C$7.97 billion, a price-to-earnings ratio of 4.96, a PEG ratio of 0.02 and a beta of 2.39. The business’s fifty day simple moving average is C$22.54 and its two-hundred day simple moving average is C$18.61. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,070.99.

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.