Stifel Nicolaus Upgrades Air Canada (TSE:AC) to "Buy"

Stifel Nicolaus upgraded shares of Air Canada (TSE:AC - Free Report) from a hold rating to a buy rating in a research report released on Monday, BayStreet.CA reports. They currently have C$25.50 price target on the stock, up from their previous price target of C$20.00.

Other equities analysts also recently issued research reports about the stock. Stifel Canada raised shares of Air Canada to a "hold" rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. lowered their price objective on Air Canada from C$41.00 to C$36.00 in a research report on Thursday, August 8th. Scotiabank upped their target price on Air Canada from C$22.00 to C$24.00 and gave the company an "outperform" rating in a research report on Tuesday, October 15th. BMO Capital Markets dropped their price target on Air Canada from C$33.00 to C$28.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 24th. Finally, Citigroup lifted their price objective on shares of Air Canada from C$20.00 to C$21.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. 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 Trading Up 1.1 %

TSE:AC traded up C$0.23 during trading hours on Monday, hitting C$21.74. 6,196,624 shares of the company were exchanged, compared to its average volume of 2,343,184. The stock has a market capitalization of C$7.79 billion, a price-to-earnings ratio of 4.85, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. Air Canada has a one year low of C$14.47 and a one year high of C$21.97. The company has a fifty day simple moving average of C$16.84 and a 200 day simple moving average of C$17.41. 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 (TSE:AC - Get Free Report) last issued its quarterly earnings data 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. 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 the consensus estimate of C$5.55 billion. Sell-side analysts expect that Air Canada will post 2.5789474 EPS 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 that occurred on Friday, August 9th. The stock was acquired at an average price of C$15.70 per share, for a total transaction of C$29,830.00. Company insiders own 0.14% of the company's stock.

About Air Canada

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.