Air Canada (TSE:AC) Receives C$24.46 Average PT from Analysts

Shares of Air Canada (TSE:AC) have been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$24.46.

AC has been the topic of a number of recent research reports. Royal Bank Of Canada set a C$25.00 target price on Air Canada and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. National Bankshares downgraded Air Canada from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$26.00 to C$22.00 in a report on Wednesday, September 24th. CIBC dropped their price objective on shares of Air Canada from C$24.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. National Bank Financial lowered shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, Canaccord Genuity Group lowered their price target on shares of Air Canada from C$28.00 to C$25.00 and set a “buy” rating on the stock in a report on Thursday, September 25th.

Air Canada Stock Down 0.6%

TSE:AC opened at C$18.88 on Thursday. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06. The company’s fifty day moving average price is C$18.41 and its 200-day moving average price is C$19.26. Air Canada has a 1-year low of C$12.69 and a 1-year high of C$26.18. The firm has a market capitalization of C$5.59 billion, a P/E ratio of -27.36, a PEG ratio of 0.02 and a beta of 1.58.

Air Canada (TSE:AC) last posted its quarterly earnings results on Tuesday, November 4th. The company reported C$0.75 EPS for the quarter. The company had revenue of C$5.77 billion for the quarter. Air Canada had a net margin of 11.57% and a return on equity of 177.01%. As a group, equities research analysts anticipate that Air Canada will post 2.5789474 EPS for the current year.

Air Canada Company Profile

Air Canada is Canada’s largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.