Brokerages Set Air Canada (TSE:AC) Target Price at C$25.20

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

Several research analysts have commented on AC shares. BMO Capital Markets upped their target price on shares of Air Canada from C$29.00 to C$31.00 in a research report on Wednesday, December 18th. JPMorgan Chase & Co. lowered Air Canada from an “overweight” rating to a “neutral” rating and decreased their price target for the company from C$34.00 to C$24.00 in a research report on Monday, March 3rd. ATB Capital upped their price target on Air Canada from C$28.00 to C$31.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Scotiabank increased their target price on shares of Air Canada from C$26.50 to C$29.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Finally, Stifel Nicolaus dropped their price objective on Air Canada from C$28.00 to C$26.00 in a report on Tuesday, February 18th.

Air Canada Trading Up 0.3 %

Shares of TSE AC opened at C$14.17 on Friday. Air Canada has a 12-month low of C$13.70 and a 12-month high of C$26.18. The company has a market cap of C$5.05 billion, a price-to-earnings ratio of 2.00, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. The stock’s 50 day simple moving average is C$17.13 and its 200 day simple moving average is C$19.41.

Insider Activity

In related news, Director Vagn Sorensen acquired 11,440 shares of the business’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 acquired 13,644 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of C$16.75 per share, for a total transaction of C$228,546.55. 0.14% of the stock is owned by company 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.