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

Air Canada (TSE:AC) has earned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$31.27.

AC has been the topic of a number of research analyst reports. Scotiabank raised shares of Air Canada from a “hold” rating to a “sector outperform” rating and boosted their price target for the stock from C$26.00 to C$33.50 in a report on Tuesday, August 11th. JPMorgan Chase & Co. reduced their price target on Air Canada from C$27.00 to C$23.00 in a research report on Monday, May 4th. Royal Bank Of Canada increased their price objective on Air Canada from C$28.00 to C$37.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. BMO Capital Markets raised their target price on Air Canada from C$30.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Finally, TD reduced their target price on Air Canada from C$23.00 to C$21.00 in a report on Monday, April 20th.

Air Canada Stock Up 1.0%

Shares of TSE:AC opened at C$29.95 on Tuesday. The stock has a market cap of C$8.39 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 0.02 and a beta of 2.02. The company has a quick ratio of 1.05, a current ratio of 0.60 and a debt-to-equity ratio of 478.10. Air Canada has a 12-month low of C$16.45 and a 12-month high of C$31.45. The business’s 50 day moving average is C$24.64 and its 200 day moving average is C$21.19.

Air Canada (TSE:AC) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$0.40 earnings per share (EPS) for the quarter. The business had revenue of C$6.27 billion during the quarter. Air Canada had a return on equity of 16.92% and a net margin of 1.82%. On average, sell-side analysts forecast that Air Canada will post 2.5789474 earnings per share for the current fiscal year.

Air Canada Company Profile

Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Headquartered in Montréal, Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, with more than 10 million members worldwide. Members can earn or redeem points on the world’s largest airline partner network of more than 50 airlines, plus through an extensive range of merchandise, hotel and car rental partners.