Brokerages Set Air Canada (TSE:AC) Target Price at C$26.60

Air Canada (TSE:AC) has earned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$26.60.

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Air Canada from C$25.50 to C$28.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. CIBC boosted their target price on Air Canada from C$27.00 to C$28.00 in a report on Wednesday, December 4th. JPMorgan Chase & Co. increased their price target on Air Canada from C$32.00 to C$34.00 in a report on Monday, November 4th. Raymond James raised Air Canada to a “moderate buy” rating in a research note on Tuesday, December 17th. Finally, Cormark raised their target price on Air Canada from C$26.75 to C$29.50 in a research note on Wednesday, December 18th.

Insider Transactions at Air Canada

In related news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of Air Canada stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$21.71, for a total value of C$130,246.80. Company insiders own 0.14% of the company’s stock.

Air Canada Trading Down 3.0 %

Shares of AC stock opened at C$20.62 on Monday. Air Canada has a fifty-two week low of C$14.47 and a fifty-two week high of C$26.18. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85. The stock’s fifty day moving average is C$23.43 and its two-hundred day moving average is C$19.06. The firm has a market capitalization of C$7.39 billion, a P/E ratio of 4.60, a PEG ratio of 0.02 and a beta of 2.39.

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.