Air Canada (AC) Receives Consensus Rating of “Buy” from Brokerages
Air Canada (TSE:AC) has been given a consensus rating of “Buy” by the eleven research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$34.00.
AC has been the subject of a number of analyst reports. Cormark set a C$39.00 target price on shares of Air Canada in a research report on Monday, July 30th. Raymond James raised their target price on shares of Air Canada from C$22.50 to C$24.00 and gave the company a “market perform” rating in a research report on Thursday, November 1st. National Bank Financial raised their target price on shares of Air Canada from C$29.00 to C$32.00 and gave the company an “outperform” rating in a research report on Thursday, November 1st. BMO Capital Markets raised their target price on shares of Air Canada from C$34.00 to C$39.00 in a research report on Tuesday, September 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of Air Canada from C$30.00 to C$34.00 in a research report on Friday, November 2nd.
Shares of AC stock opened at C$25.95 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.13 and a debt-to-equity ratio of 146.77. Air Canada has a 12-month low of C$20.33 and a 12-month high of C$29.11.
Air Canada Company Profile
Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Express and Air Canada Rouge brand name in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.
Further Reading: Return on Investment (ROI)
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