Air Canada (TSE:AC) Receives Consensus Rating of “Moderate Buy” from Analysts

Air Canada (TSE:AC) has been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. Three 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 12 month target price among brokerages that have covered the stock in the last year is C$25.20.

AC has been the subject of a number of research analyst reports. Raymond James raised shares of Air Canada to a “moderate buy” rating in a research report on Tuesday, December 17th. Scotiabank lifted their target price on shares of Air Canada from C$26.50 to C$29.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Stifel Nicolaus lowered their price target on shares of Air Canada from C$28.00 to C$26.00 in a report on Tuesday, February 18th. BMO Capital Markets increased their price objective on Air Canada from C$29.00 to C$31.00 in a report on Wednesday, December 18th. Finally, CIBC lowered their target price on Air Canada from C$28.00 to C$24.00 in a research note on Tuesday, February 18th.

Insiders Place Their Bets

In other news, Director Vagn Sorensen bought 11,440 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was purchased at an average price of C$17.40 per share, with a total value of C$199,057.14. Also, Senior Officer Craig Landry acquired 13,644 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of C$16.75 per share, for a total transaction of C$228,546.55. Insiders own 0.14% of the company’s stock.

Air Canada Stock Down 3.2 %

Shares of Air Canada stock opened at C$14.13 on Friday. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. Air Canada has a 1 year low of C$14.12 and a 1 year high of C$26.18. The stock has a 50-day moving average price of C$17.26 and a 200 day moving average price of C$19.42. The company has a market cap of C$5.04 billion, a P/E ratio of 1.99, a P/E/G ratio of 0.02 and a beta of 2.39.

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.