Air Canada (TSE:AC) has received an average rating of "Moderate Buy" from eleven analysts covering the stock. The consensus includes one sell rating, two hold ratings, and eight buy ratings. Analysts have set an average 1-year target price of C$32.73 for the company's shares.
Several brokerages have recently updated their outlooks on Air Canada. Canadian Imperial Bank of Commerce raised its price target to C$40.00, while Royal Bank of Canada increased its target to C$37.00 with an "outperform" rating. Canaccord Genuity Group upgraded the stock to a "buy" rating but lowered its target price to C$25.00. Stifel Nicolaus boosted its target to C$38.00, and UBS Group lifted its target to C$33.00.
Air Canada's stock opened at C$21.11 on Friday, with a 50-day moving average of C$26.48 and a 200-day moving average of C$23.70. The company has a market cap of C$5.34 billion, a price-to-earnings ratio of 16.11, and a beta of 1.86. Its 1-year low and high are C$16.45 and C$31.45, respectively. The stock has seen a 4.7% decline recently.
Air Canada reported earnings of C$0.40 per share for the last quarter, with revenue of C$6.27 billion. Analysts predict the company will post 2.58 EPS for the current fiscal year. Despite the Moderate Buy rating, top analysts have identified other stocks they believe are better buys.