Air Canada (TSE:AC) Upgraded at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Air Canada (TSE:AC) from a hold rating to a buy rating in a report issued on Monday,BayStreet.CA reports. They currently have C$25.50 price objective on the stock, up from their prior price objective of C$20.00.

AC has been the subject of several other reports. Cormark lowered their price objective on shares of Air Canada from C$25.50 to C$21.25 in a research note on Tuesday, July 23rd. CIBC lowered their price objective on shares of Air Canada from C$28.00 to C$25.00 and set an “outperform” rating for the company in a research note on Tuesday, July 23rd. National Bankshares lowered their price objective on shares of Air Canada from C$24.00 to C$22.00 and set an “outperform” rating for the company in a research note on Wednesday, September 25th. BMO Capital Markets lowered 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. Finally, Raymond James lowered their price objective on shares of Air Canada from C$28.00 to C$22.00 and set an “outperform” rating for the company in a research note on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Air Canada has a consensus rating of “Moderate Buy” and a consensus price target of C$25.25.

Air Canada Stock Performance

Air Canada stock opened at C$23.14 on Monday. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,070.99. The company has a market capitalization of C$8.30 billion, a PE ratio of 5.17, a P/E/G ratio of 0.02 and a beta of 2.39. The firm has a fifty day simple moving average of C$17.12 and a two-hundred day simple moving average of C$17.45. Air Canada has a twelve month low of C$14.47 and a twelve month high of C$23.70.

Air Canada (TSE:AC) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.98 earnings per share for the quarter, topping the consensus estimate of C$0.85 by C$0.13. The business had revenue of C$5.52 billion during 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%. Research analysts expect that Air Canada will post 2.5789474 EPS for the current year.

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.