Raymond James upgraded shares of Air Canada (TSE:AC - Free Report) to a moderate buy rating in a research report report published on Tuesday morning,Zacks.com reports.
A number of other research analysts also recently issued reports on the company. Stifel Canada upgraded Air Canada from a "hold" rating to a "strong-buy" rating in a report on Sunday, November 3rd. Cormark boosted their target price on Air Canada from C$26.75 to C$29.50 in a research note on Wednesday. BMO Capital Markets upped their target price on Air Canada from C$29.00 to C$31.00 in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Air Canada from C$32.00 to C$34.00 in a report on Monday, November 4th. Finally, National Bankshares upped their price objective on shares of Air Canada from C$22.00 to C$27.00 in a report on Monday, November 4th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Air Canada has an average rating of "Moderate Buy" and a consensus target price of C$26.67.
Check Out Our Latest Analysis on AC
Air Canada Trading Up 1.1 %
Air Canada stock traded up C$0.24 during trading hours on Tuesday, reaching C$21.96. The stock had a trading volume of 6,308,916 shares, compared to its average volume of 2,608,943. The company has a fifty day simple moving average of C$22.25 and a 200-day simple moving average of C$18.53. Air Canada has a 52 week low of C$14.47 and a 52 week high of C$26.18. The stock has a market cap of C$7.87 billion, a PE ratio of 4.90, a PEG ratio of 0.02 and a beta of 2.39. 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.
About Air Canada
(
Get Free Report)
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.
Further Reading
Before you consider Air Canada, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Air Canada wasn't on the list.
While Air Canada currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
