Air Canada (TSE:AC) Raised to “Buy” at Stifel Nicolaus

Air Canada (TSE:AC) was upgraded by research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report issued on Monday, BayStreet.CA reports. The brokerage currently has a C$25.50 price objective on the stock, up from their prior price objective of C$20.00. Stifel Nicolaus’ price objective would suggest a potential upside of 14.97% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. ATB Capital decreased their target price on shares of Air Canada from C$27.00 to C$26.50 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. BMO Capital Markets decreased their price objective on shares of Air Canada from C$33.00 to C$28.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. National Bankshares reduced their target price on Air Canada from C$24.00 to C$22.00 and set an “outperform” rating for the company in a report on Wednesday, September 25th. Stifel Canada upgraded Air Canada to a “hold” rating in a report on Tuesday, October 15th. Finally, TD Securities cut their price target on shares of Air Canada from C$25.00 to C$19.00 in a report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$25.27.

Air Canada Trading Up 2.0 %

Shares of TSE AC opened at C$22.18 on Monday. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85. Air Canada has a 52-week low of C$14.47 and a 52-week high of C$22.25. The stock has a market cap of C$7.95 billion, a P/E ratio of 4.95, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The firm has a 50 day moving average price of C$16.97 and a two-hundred day moving average price of C$17.42.

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

Insider Transactions at Air Canada

In other news, Senior Officer Christophe Hennebelle acquired 1,900 shares of Air Canada stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of C$15.70 per share, for a total transaction of C$29,830.00. 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.