Air Canada (TSE:AC) Given Consensus Rating of “Moderate Buy” by Analysts

Air Canada (TSE:AC) has been assigned an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$25.52.

A number of equities research analysts have issued reports on AC shares. Royal Bank of Canada reduced their price objective on shares of Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 23rd. TD Securities reduced their price objective on shares of Air Canada from C$25.00 to C$19.00 in a research report on Wednesday, July 24th. BMO Capital Markets reduced their price objective on shares of Air Canada from C$33.00 to C$28.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. ATB Capital reduced their price objective on shares of Air Canada from C$33.00 to C$28.00 and set an “outperform” rating for the company in a research report on Tuesday, July 23rd. Finally, Raymond James reduced their price objective on shares of Air Canada from C$28.00 to C$22.00 and set an “outperform” rating for the company in a research report on Tuesday, July 23rd.

Air Canada Price Performance

Shares of TSE AC opened at C$16.16 on Monday. The firm’s 50-day moving average price is C$17.52 and its 200-day moving average price is C$18.33. Air Canada has a 1-year low of C$15.93 and a 1-year high of C$24.76. The firm has a market capitalization of C$5.79 billion, a P/E ratio of 2.80, a P/E/G ratio of 0.02 and a beta of 2.40. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,767.66.

Air Canada (TSE:AC) last posted its earnings results on Thursday, May 2nd. The company reported C($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.15) by C($0.12). The company had revenue of C$5.23 billion for the quarter, compared to the consensus estimate of C$5.13 billion. Equities research analysts anticipate that Air Canada will post 3.1906412 earnings per share for the current fiscal year.

Air Canada Company Profile

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.