Air Canada (AC) Given Outperform Rating at BMO Capital Markets

BMO Capital Markets reissued their outperform rating on shares of Air Canada (TSE:AC) in a research report report published on Friday, May 12th. They currently have a C$20.00 price target on the stock.

AC has been the subject of several other reports. TD Securities reaffirmed an action list buy rating and issued a C$21.00 target price on shares of Air Canada in a report on Friday, March 10th. Royal Bank Of Canada upped their price objective on Air Canada from C$18.00 to C$21.00 and gave the company a top pick rating in a research note on Monday, May 8th. Macquarie upped their price objective on Air Canada from C$14.00 to C$17.00 and gave the company an outperform rating in a research note on Tuesday, February 21st. Raymond James Financial, Inc. upped their price objective on Air Canada from C$12.50 to C$15.00 and gave the company a market perform rating in a research note on Monday, May 8th. Finally, Scotiabank increased their target price on Air Canada from C$15.50 to C$16.25 and gave the stock a sector perform rating in a research report on Monday, May 8th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Air Canada has a consensus rating of Buy and a consensus price target of C$18.81.

Air Canada (TSE AC) traded up 0.47% during trading on Friday, reaching $17.19. The company’s stock had a trading volume of 1,166,044 shares. The firm has a market cap of $4.66 billion and a P/E ratio of 6.51. Air Canada has a 52 week low of $8.17 and a 52 week high of $18.10. The stock’s 50 day moving average is $16.30 and its 200-day moving average is $14.32.

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In other news, insider James Anthony Tabor sold 2,037 shares of Air Canada stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of C$17.95, for a total transaction of C$36,564.15. Also, insider Marcel Forget sold 5,000 shares of Air Canada stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of C$17.36, for a total transaction of C$86,800.00. Insiders sold 115,678 shares of company stock valued at $2,073,401 over the last 90 days.

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. Its mainline operates a fleet of approximately 170 aircraft, including Airbus narrow-body aircraft, over 70 Boeing and Airbus wide-body aircraft, and approximately Embraer 190 regional jets.

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