Air Canada (TSE:AC) Receives C$24.08 Average PT from Brokerages

Shares of Air Canada (TSE:AC) have earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the firm, Marketbeat.com reports. One investment 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 12-month price target among brokers that have issued ratings on the stock in the last year is C$24.08.

A number of brokerages have recently commented on AC. Canaccord Genuity Group reduced their target price on shares of Air Canada from C$28.00 to C$25.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. BMO Capital Markets dropped their price objective on Air Canada from C$28.00 to C$27.00 in a research note on Thursday, October 9th. UBS Group upgraded Air Canada to a “hold” rating in a report on Tuesday, November 18th. Stifel Nicolaus decreased their target price on Air Canada from C$25.00 to C$24.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Finally, CIBC lowered their target price on Air Canada from C$24.00 to C$22.00 and set an “outperform” rating for the company in a report on Friday, September 26th.

Air Canada Stock Up 2.5%

Shares of AC opened at C$19.77 on Monday. The firm has a fifty day moving average price of C$18.79 and a 200-day moving average price of C$19.29. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. The firm has a market capitalization of C$5.86 billion, a P/E ratio of -28.65, a P/E/G ratio of 0.02 and a beta of 1.58. Air Canada has a 12-month low of C$12.69 and a 12-month high of C$23.72.

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