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

Air Canada (TSE:AC) has received a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$23.39.

A number of research analysts have recently commented on AC shares. TD cut their price target on Air Canada from C$23.00 to C$21.00 in a report on Monday, April 20th. Scotiabank lowered shares of Air Canada from an “outperform” rating to a “hold” rating and dropped their target price for the stock from C$27.00 to C$21.00 in a research report on Tuesday, March 10th. Jefferies Financial Group upped their target price on shares of Air Canada from C$17.00 to C$19.00 in a research note on Tuesday, March 31st. National Bank Financial reduced their price target on shares of Air Canada from C$25.00 to C$22.00 in a report on Thursday, April 2nd. Finally, Royal Bank Of Canada decreased their price target on shares of Air Canada from C$25.00 to C$22.00 in a research report on Monday, April 13th.

Air Canada Trading Up 0.7%

Shares of TSE:AC opened at C$24.67 on Monday. The company has a market cap of C$7.08 billion, a P/E ratio of 10.19, a P/E/G ratio of 0.02 and a beta of 2.08. The stock’s 50-day moving average is C$20.71 and its 200-day moving average is C$19.67. Air Canada has a 52-week low of C$16.45 and a 52-week high of C$24.95. The company has a debt-to-equity ratio of 452.24, a quick ratio of 1.06 and a current ratio of 0.60.

Air Canada (TSE:AC) last posted its quarterly earnings data on Thursday, April 30th. The company reported C($0.05) earnings per share for the quarter. The business had revenue of C$5.79 billion for the quarter. Air Canada had a return on equity of 34.23% and a net margin of 3.46%. Equities research analysts predict that Air Canada will post 2.5789474 earnings per share for the current year.

About Air Canada

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.