Brokerages Set Air Canada (TSE:AC) Price Target at C$25.20

Shares of Air Canada (TSE:AC) have received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$24.80.

AC has been the subject of a number of recent analyst reports. Scotiabank lifted their price target on shares of Air Canada from C$26.50 to C$29.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. lowered Air Canada from an “overweight” rating to a “neutral” rating and dropped their target price for the company from C$34.00 to C$24.00 in a research report on Monday, March 3rd. BMO Capital Markets increased their price target on Air Canada from C$29.00 to C$31.00 in a report on Wednesday, December 18th. Cormark boosted their price objective on Air Canada from C$26.75 to C$29.50 in a report on Wednesday, December 18th. Finally, CIBC cut their price objective on Air Canada from C$28.00 to C$24.00 in a research report on Tuesday, February 18th.

Air Canada Stock Down 0.3 %

Shares of AC opened at C$14.34 on Friday. 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 has a 52-week low of C$13.62 and a 52-week high of C$26.18. The company has a market cap of C$5.12 billion, a PE ratio of 2.02, a P/E/G ratio of 0.02 and a beta of 2.39. The business has a fifty day moving average of C$16.89 and a 200 day moving average of C$19.40.

Insider Transactions at Air Canada

In other news, Senior Officer Craig Landry bought 13,644 shares of Air Canada stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of C$16.75 per share, for a total transaction of C$228,546.55. Also, Director Vagn Sorensen purchased 11,440 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were purchased at an average cost of C$17.40 per share, with a total value of C$199,057.14. Corporate insiders own 0.14% of the company’s stock.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names 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.