Shares of Air Canada (TSE:AC – Get Rating) have been assigned an average rating of “Hold” from the thirteen analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$28.81.
Several analysts recently commented on the stock. Scotiabank raised their price target on shares of Air Canada from C$30.00 to C$31.00 in a report on Tuesday, May 16th. Royal Bank of Canada raised their price target on shares of Air Canada from C$22.00 to C$23.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 16th. TD Securities cut their price objective on shares of Air Canada from C$28.00 to C$26.00 and set a “buy” rating on the stock in a research report on Tuesday, February 21st. National Bankshares raised their price objective on shares of Air Canada from C$18.50 to C$23.00 and gave the company an “outperform” rating in a research report on Monday, May 8th. Finally, Citigroup raised their price objective on shares of Air Canada from C$25.00 to C$26.00 in a research report on Friday, May 19th.
Air Canada Stock Performance
AC stock opened at C$21.46 on Wednesday. The company has a debt-to-equity ratio of 183,588.89, a quick ratio of 1.06 and a current ratio of 0.99. The stock has a market cap of C$7.69 billion, a P/E ratio of -4.40, a P/E/G ratio of 0.02 and a beta of 2.42. The firm has a 50 day simple moving average of C$19.40 and a 200 day simple moving average of C$19.96. Air Canada has a 52 week low of C$15.57 and a 52 week high of C$23.54.
About Air Canada
Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations 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.
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