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

Air Canada (TSE:AC - Get Free Report) was upgraded by Stifel Canada from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Sunday, Zacks.com reports.

A number of other analysts have also commented on AC. Raymond James cut their price target on Air Canada from C$28.00 to C$22.00 and set an "outperform" rating on the stock in a report on Tuesday, July 23rd. Cormark raised their price target on shares of Air Canada from C$21.75 to C$26.75 in a research note on Monday. CIBC boosted their price objective on shares of Air Canada from C$25.00 to C$27.00 in a research report on Monday. Scotiabank raised their target price on shares of Air Canada from C$24.00 to C$26.50 in a research report on Monday. Finally, Stifel Nicolaus raised shares of Air Canada from a "hold" rating to a "buy" rating and boosted their price target for the stock from C$20.00 to C$25.50 in a research report on Monday. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$25.27.

Air Canada Trading Up 2.0 %

Shares of AC traded up C$0.44 during trading hours on Friday, hitting C$22.18. 4,745,689 shares of the stock traded hands, compared to its average volume of 2,354,421. The business has a fifty day moving average of C$16.84 and a 200-day 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. The firm has a market capitalization of C$7.95 billion, a PE ratio of 4.94, a price-to-earnings-growth 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$22.25.

Air Canada (TSE:AC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.98 earnings per share for the quarter, beating analysts' consensus estimates of C$0.85 by C$0.13. The company had revenue of C$5.52 billion for the quarter, compared to the consensus estimate of C$5.55 billion. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. Analysts expect that Air Canada will post 2.5789474 EPS for the current year.

Insider Buying and Selling at Air Canada

In related news, Senior Officer Christophe Hennebelle acquired 1,900 shares of the business's stock in a transaction on Friday, August 9th. The stock was purchased at an average cost of C$15.70 per share, for a total transaction of C$29,830.00. Corporate 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.