Air Canada (AC) Receives Average Rating of “Buy” from Brokerages
Shares of Air Canada (TSE:AC) have been given an average rating of “Buy” by the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$18.81.
Several equities research analysts recently issued reports on the stock. Raymond James Financial, Inc. lifted their price target on shares of Air Canada from C$12.50 to C$15.00 and gave the stock a “market perform” rating in a research note on Monday, May 15th. Beacon Securities reaffirmed a “buy” rating on shares of Air Canada in a research note on Thursday, May 18th. Macquarie lifted their price target on shares of Air Canada from C$14.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 21st. TD Securities lifted their price target on shares of Air Canada from C$21.00 to C$24.00 and gave the stock an “action list buy” rating in a research note on Tuesday, May 9th. Finally, Scotiabank lifted their price target on shares of Air Canada from C$15.50 to C$16.25 and gave the stock a “sector perform” rating in a research note on Monday, May 15th.
In other news, insider Michael Stewart Rousseau sold 52,000 shares of Air Canada stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of C$18.04, for a total value of C$938,080.00. Also, insider James Anthony Tabor sold 2,037 shares of Air Canada stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of C$17.95, for a total transaction of C$36,564.15. Insiders sold a total of 115,678 shares of company stock valued at $2,073,401 in the last three months.
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Air Canada (AC) traded up 0.47% on Tuesday, reaching $17.19. The company’s stock had a trading volume of 1,166,044 shares. The firm has a market capitalization of $4.66 billion and a price-to-earnings ratio of 6.51. Air Canada has a 52 week low of $8.17 and a 52 week high of $18.10. The company has a 50 day moving average of $16.30 and a 200 day moving average of $14.32.
About Air Canada
Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. Its mainline operates a fleet of approximately 170 aircraft, including Airbus narrow-body aircraft, over 70 Boeing and Airbus wide-body aircraft, and approximately Embraer 190 regional jets.
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