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

Air Canada (TSE:AC) has received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$24.31.

Several research analysts have recently commented on AC shares. Jefferies Financial Group lowered Air Canada from a “hold” rating to an “underperform” rating and reduced their price target for the stock from C$18.00 to C$12.00 in a report on Tuesday, April 1st. Royal Bank of Canada upgraded Air Canada from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$16.00 to C$25.00 in a report on Monday, May 12th. Stifel Nicolaus lifted their price target on Air Canada from C$22.00 to C$23.00 in a report on Monday, May 12th. Scotiabank reduced their price target on Air Canada from C$25.00 to C$21.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, Canaccord Genuity Group lifted their price target on Air Canada from C$24.00 to C$27.00 in a report on Monday, May 12th.

Air Canada Trading Down 0.4%

Shares of AC stock opened at C$18.73 on Friday. The stock’s fifty day moving average is C$14.87 and its two-hundred day moving average is C$18.94. 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 has a market capitalization of C$6.68 billion, a P/E ratio of 2.64, a PEG ratio of 0.02 and a beta of 2.39. Air Canada has a fifty-two week low of C$12.69 and a fifty-two week high of C$26.18.

Insider Buying and Selling

In other news, Director Vagn Sorensen bought 11,440 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was bought at an average cost of C$17.40 per share, with a total value of C$199,057.14. Also, Senior Officer Craig Landry bought 7,909 shares of the company’s stock in a transaction on Monday, March 31st. The stock was purchased at an average cost of C$13.99 per share, with a total value of C$110,646.91. In the last ninety days, insiders acquired 32,993 shares of company stock valued at $538,251. 0.14% of the stock is currently owned by insiders.

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.