Air Canada (TSE:AC) Receives C$24.42 Average PT from Brokerages

Shares of Air Canada (TSE:AC) have received an average recommendation of “Moderate Buy” from the thirteen analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$24.42.

Several equities analysts have recently commented on the stock. BMO Capital Markets decreased their price objective on shares of Air Canada from C$28.00 to C$27.00 in a report on Thursday, October 9th. CIBC upped their price target on Air Canada from C$23.00 to C$24.00 in a research note on Wednesday, January 21st. UBS Group raised Air Canada to a “hold” rating in a research note on Tuesday, November 18th. Scotiabank increased their target price on Air Canada from C$25.00 to C$26.50 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada set a C$25.00 target price on Air Canada and gave the company an “outperform” rating in a report on Tuesday, November 25th.

Air Canada Price Performance

TSE:AC opened at C$18.87 on Friday. Air Canada has a 52 week low of C$12.69 and a 52 week high of C$23.72. The stock’s fifty day moving average is C$19.18 and its two-hundred day moving average is C$19.12. The company has a market capitalization of C$5.59 billion, a P/E ratio of -27.35, a P/E/G ratio of 0.02 and a beta of 1.75. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00.

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

About Air Canada

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.