Air Canada (TSE:AC) Receives Average Rating of “Moderate Buy” from Brokerages

Air Canada (TSE:AC) has received a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$23.39.

Several research analysts have issued reports on AC shares. Jefferies Financial Group lifted their target price on shares of Air Canada from C$17.00 to C$19.00 in a report on Tuesday, March 31st. JPMorgan Chase & Co. lowered their price objective on Air Canada from C$27.00 to C$23.00 in a research report on Monday. Canadian Imperial Bank of Commerce cut their target price on Air Canada from C$25.00 to C$22.00 in a research note on Wednesday, April 8th. ATB Cormark Capital Markets reduced their target price on Air Canada from C$33.00 to C$32.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Finally, Royal Bank Of Canada lowered their price target on Air Canada from C$25.00 to C$22.00 in a report on Monday, April 13th.

Air Canada Stock Up 1.5%

Shares of TSE:AC opened at C$19.86 on Friday. The company has a current ratio of 0.60, a quick ratio of 1.06 and a debt-to-equity ratio of 452.24. The stock has a fifty day simple moving average of C$18.44 and a two-hundred day simple moving average of C$18.93. Air Canada has a 12-month low of C$15.09 and a 12-month high of C$23.72. The stock has a market capitalization of C$5.85 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 0.02 and a beta of 1.63.

Air Canada (TSE:AC) last released its earnings results on Thursday, April 30th. The company reported C($0.05) EPS for the quarter. The company had revenue of C$5.79 billion during the quarter. Air Canada had a return on equity of 34.23% and a net margin of 3.46%. On average, research analysts anticipate 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, 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.