Air Canada (TSE:AC) Upgraded at Stifel Canada

Stifel Canada upgraded shares of Air Canada (TSE:AC) from a hold rating to a strong-buy rating in a research note issued to investors on Sunday, Zacks.com reports.

Several other research analysts have also recently weighed in on AC. National Bankshares lifted their price target on shares of Air Canada from C$22.00 to C$27.00 in a research note on Monday. Scotiabank lifted their target price on Air Canada from C$24.00 to C$26.50 in a research report on Monday. Royal Bank of Canada reduced their price target on Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. lifted their price objective on Air Canada from C$32.00 to C$34.00 in a research report on Monday. Finally, Raymond James reduced their target price on shares of Air Canada from C$28.00 to C$22.00 and set an “outperform” rating for the company in a report on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$25.27.

Air Canada Stock Up 2.0 %

AC opened at C$22.18 on Friday. Air Canada has a twelve month low of C$14.47 and a twelve month high of C$22.25. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,070.99. The firm has a 50 day moving average price of C$16.97 and a 200-day moving average price of C$17.42. The stock has a market capitalization of C$7.95 billion, a price-to-earnings ratio of 4.95, a PEG ratio of 0.02 and a beta of 2.39.

Air Canada (TSE:AC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.98 EPS for the quarter, topping the consensus estimate of C$0.85 by C$0.13. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. The company had revenue of C$5.52 billion during the quarter, compared to analyst estimates of C$5.55 billion. Equities research analysts forecast that Air Canada will post 2.5789474 earnings per share for the current year.

Insider Activity

In other news, Senior Officer Christophe Hennebelle acquired 1,900 shares of the company’s stock in a transaction on Friday, August 9th. The stock was bought at an average cost of C$15.70 per share, with a total value of C$29,830.00. Corporate insiders own 0.14% of the company’s stock.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.