Air Canada (AC) Given Average Rating of “Buy” by Analysts

Air Canada (TSE:AC) has earned an average rating of “Buy” from the fifteen brokerages that are covering the firm. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$15.06.

Several research firms have recently weighed in on AC. CIBC lifted their target price on shares of Air Canada from C$12.25 to C$14.00 in a report on Tuesday, August 2nd. BMO Capital Markets lifted their target price on shares of Air Canada from C$13.00 to C$15.00 and gave the company an “outperform” rating in a report on Wednesday, October 5th. Royal Bank Of Canada raised shares of Air Canada from an “outperform” rating to a “top pick” rating and boosted their price target for the stock from C$14.00 to C$18.00 in a report on Thursday, October 6th. CSFB reissued an “outperform” rating on shares of Air Canada in a report on Thursday, September 29th. Finally, Macquarie cut their price target on shares of Air Canada from C$10.00 to C$9.00 in a report on Friday, July 22nd.

Shares of Air Canada (TSE:AC) opened at 12.39 on Friday. The stock has a 50 day moving average of $9.77 and a 200 day moving average of $9.30. The stock has a market cap of $3.42 billion and a P/E ratio of 5.95. Air Canada has a 52 week low of $6.81 and a 52 week high of $12.70.

About Air Canada

Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. The Company’s mainline operates a fleet of over 170 aircraft, including Airbus narrow-body aircraft, Boeing and Airbus wide-body aircraft, and Embraer 190 regional jets.

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