AltaCorp Captial Believes Air Canada Vote & VV (AC) Won’t Stop Here


The Services sector company, Air Canada Vote & VV (AC), has received a rating update from a Wall Street analyst yesterday. Analyst Chris Murray from AltaCorp Captial rated Air Canada Vote & VV (AC) a Buy, setting a C$46 price target.

Murray has an average return of 49.4% when recommending Air Canada Vote & VV.

According to TipRanks.com, Murray is ranked #787 out of 5137 analysts.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Air Canada Vote & VV with a C$39.57 average price target, a 26.2% upside from current levels. In a report issued on January 28, Canaccord Genuity also reiterated a Buy rating on the stock with a C$40 price target.

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Air Canada Vote & VV’s market cap is currently C$8.55B and has a P/E ratio of 3.5. The company has a Price to Book ratio of 1.88.

Air Canada provides airline transportation services. The company 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’s shares closed on Friday at C$31.36, close to its 52-week high of C$31.62.

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