Air Canada (AC) Receives Average Rating of “Buy” from Analysts

Shares of Air Canada (TSE:AC) have received an average rating of “Buy” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$30.85.

A number of research analysts recently issued reports on AC shares. TD Securities raised their price target on Air Canada from C$34.00 to C$36.00 and gave the stock an “action list buy” rating in a research note on Thursday, October 26th. CIBC raised their price target on Air Canada from C$36.00 to C$38.00 in a research note on Thursday, January 4th. Canaccord Genuity raised their price target on Air Canada from C$31.00 to C$33.00 and gave the stock a “buy” rating in a research note on Monday, October 23rd. Royal Bank of Canada lowered their target price on Air Canada from C$33.00 to C$31.00 and set an “outperform” rating on the stock in a research note on Thursday, October 26th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a C$29.00 target price on shares of Air Canada in a research note on Monday, November 13th.

Air Canada (TSE:AC) traded up C$0.05 during trading hours on Tuesday, reaching C$22.98. The company had a trading volume of 447,449 shares, compared to its average volume of 1,331,953. The stock has a market cap of $6,260.00, a P/E ratio of 3.42 and a beta of 0.94. Air Canada has a 12-month low of C$12.49 and a 12-month high of C$28.70.

In related news, insider Chris Isford sold 15,000 shares of Air Canada stock in a transaction on Monday, December 11th. The stock was sold at an average price of C$25.45, for a total transaction of C$381,750.00.

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Air Canada Company Profile

Air Canada provides the U.S. transbonder and international airline services. The company offers scheduled passenger services under the Air Canada Express brand name in the Canadian market, the Canada-U.S. transbonder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.

Analyst Recommendations for Air Canada (TSE:AC)

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