Air Canada Vote & VV (AC) Received its Third Buy in a Row

Analysts seem to be optimistic about Air Canada Vote & VV (ACResearch Report) lately, as after BMO Capital and Scotiabank rated the stock a Buy this past month, there is another positive note, this time from CIBC. Yesterday, analyst Kevin Chiang gave a Buy rating to AC and set a C$42 price target.

According to TipRanks.com, Chiang is a 5-star analyst with an average return of 9.5% and a 63.3% success rate. Chiang covers the Services sector, focusing on stocks such as WestJet Airlines Ltd, Canadian Railway, and Air Canada.

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Currently, the analyst consensus on Air Canada Vote & VV is a Strong Buy with an average price target of C$36.60, implying a 33.3% upside from current levels. In a report issued on January 3, Scotiabank also reiterated a Buy rating on the stock with a C$38 price target.

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Air Canada Vote & VV’s market cap is currently C$7.24B and has a P/E ratio of 3. The company has a Price to Book ratio of 1.59.

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$27.45.

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