Air Canada (TSE:AC) Rating Increased to Buy at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Air Canada (TSE:AC) from a hold rating to a buy rating in a report issued on Monday, BayStreet.CA reports. The brokerage currently has C$25.50 price target on the stock, up from their prior price target of C$20.00.

Other research analysts also recently issued research reports about the stock. CIBC lowered their price target on shares of Air Canada from C$28.00 to C$25.00 and set an “outperform” rating for the company in a report on Tuesday, July 23rd. TD Securities lowered their price objective on Air Canada from C$25.00 to C$19.00 in a research note on Wednesday, July 24th. ATB Capital cut their target price on Air Canada from C$27.00 to C$26.50 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. JPMorgan Chase & Co. lowered their price target on Air Canada from C$41.00 to C$36.00 in a research report on Thursday, August 8th. Finally, Jefferies Financial Group lifted their price objective on shares of Air Canada from C$16.00 to C$18.00 in a research note on Wednesday, October 2nd. Two investment 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.98.

Air Canada Stock Performance

TSE:AC opened at C$21.74 on Monday. The company has a market cap of C$7.79 billion, a price-to-earnings ratio of 4.85, a PEG ratio of 0.02 and a beta of 2.39. Air Canada has a 1 year low of C$14.47 and a 1 year high of C$21.97. The stock’s 50 day simple moving average is C$16.84 and its two-hundred day simple moving average is C$17.41. The company has a debt-to-equity ratio of 1,070.99, a current ratio of 0.85 and a quick ratio of 1.06.

Air Canada (TSE:AC) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.98 earnings per share for the quarter, topping the consensus estimate of C$0.85 by C$0.13. Air Canada had a net margin of 7.92% and a return on equity of 603.77%. The company had revenue of C$5.52 billion for the quarter, compared to analysts’ expectations of C$5.55 billion. As a group, equities analysts anticipate that Air Canada will post 2.5789474 earnings per share for the current fiscal year.

Insider Buying and Selling at Air Canada

In related news, Senior Officer Christophe Hennebelle purchased 1,900 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was purchased at an average price of C$15.70 per share, with a total value of C$29,830.00. 0.14% of the stock is owned by corporate insiders.

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.