Air Canada (TSE:AC) Upgraded by Raymond James to “Moderate Buy” Rating

Raymond James upgraded shares of Air Canada (TSE:AC) to a moderate buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Several other research analysts have also recently issued reports on the stock. Stifel Nicolaus raised shares of Air Canada from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$20.00 to C$25.50 in a report on Monday, November 4th. National Bankshares increased their target price on shares of Air Canada from C$22.00 to C$27.00 in a report on Monday, November 4th. Jefferies Financial Group boosted their price objective on Air Canada from C$18.00 to C$22.00 in a research report on Tuesday, November 5th. CIBC lifted their price target on shares of Air Canada from C$27.00 to C$28.00 in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Air Canada from C$32.00 to C$34.00 in a report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$26.50.

Air Canada Trading Up 0.6 %

AC opened at C$21.72 on Tuesday. The company has a market cap of C$7.79 billion, a P/E ratio of 4.85, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a fifty day moving average price of C$22.14 and a two-hundred day moving average price of C$18.51. Air Canada has a 1-year low of C$14.47 and a 1-year high of C$26.18. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99.

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.