Analysts have been quite happy with Air Canada Vote & VV (AC) stock lately, with several positive ratings in a row that it received in the past month alone. The company received a Buy yesterday from AltaCorp Captial’s analyst Chris Murray, with a C$51 price target.
Murray has an average return of 49.5% when recommending Air Canada Vote & VV.
According to TipRanks.com, Murray is ranked #647 out of 5194 analysts.
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Currently, the analyst consensus on Air Canada Vote & VV is a Strong Buy with an average price target of C$45.50, implying a 28.7% upside from current levels. In a report released yesterday, RBC Capital also reiterated a Buy rating on the stock with a C$46 price target.
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Air Canada Vote & VV’s market cap is currently C$9.55B and has a P/E ratio of 17. The company has a Price to Book ratio of 2.37.
Air Canada provides airline transportation services. It engages in full-service airline, scheduled passenger and cargo services, serving more than two hundred airports on six continents. It operates flights in Canada, the USA, Latin America, Europe, Australia and Asia. The company was founded on April 11, 1936 and is headquartered in Saint-Laurent, Canada.
The company’s shares closed on Tuesday at C$35.34, close to its 52-week high of C$35.50.
