Air Canada (TSE:AC) Given Average Recommendation of “Moderate Buy” by Brokerages

Air Canada (TSE:AC) has been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$25.20.

Several analysts recently commented on the stock. Cormark raised their price target on shares of Air Canada from C$26.75 to C$29.50 in a research report on Wednesday, December 18th. CIBC cut their price target on shares of Air Canada from C$28.00 to C$24.00 in a report on Tuesday, February 18th. Scotiabank increased their price objective on shares of Air Canada from C$26.50 to C$29.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Jefferies Financial Group cut their target price on shares of Air Canada from C$23.00 to C$18.00 in a research note on Monday, February 24th. Finally, Raymond James upgraded shares of Air Canada to a “moderate buy” rating in a research report on Tuesday, December 17th.

Insider Transactions at Air Canada

In other 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. Also, Director Vagn Sorensen acquired 11,440 shares of Air Canada stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average price of C$17.40 per share, for a total transaction of C$199,057.14. Insiders own 0.14% of the company’s stock.

Air Canada Stock Down 3.9 %

AC stock opened at C$16.10 on Tuesday. The firm has a market cap of C$5.74 billion, a PE ratio of 2.27, a P/E/G ratio of 0.02 and a beta of 2.39. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. The firm’s fifty day moving average is C$19.68 and its 200 day moving average is C$19.45. Air Canada has a one year low of C$14.47 and a one year high of C$26.18.

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.