Air Canada (ACDVF) Receives a Buy from RBC Capital

RBC Capital analyst James McGarragle CFA maintained a Buy rating on Air Canada yesterday. The company’s shares closed yesterday at $13.10.

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McGarragle CFA covers the Industrials sector, focusing on stocks such as CAE, Bombardier, and Air Canada. According to TipRanks, McGarragle CFA has an average return of 20.7% and a 79.21% success rate on recommended stocks.

Currently, the analyst consensus on Air Canada is a Strong Buy with an average price target of $17.69, implying a 35.04% upside from current levels. In a report released on October 7, BMO Capital also reiterated a Buy rating on the stock with a C$27.00 price target.

The company has a one-year high of $18.56 and a one-year low of $8.56. Currently, Air Canada has an average volume of 168.5K.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ACDVF in relation to earlier this year.