Air Canada (TSE:AC) Upgraded by Stifel Canada to “Hold”

Air Canada (TSE:AC) was upgraded by analysts at Stifel Canada to a “hold” rating in a research note issued on Tuesday, Zacks.com reports.

Several other research analysts also recently issued reports on the stock. CIBC dropped their target price on shares of Air Canada from C$28.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 23rd. Raymond James cut their target price on Air Canada from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 23rd. Citigroup upped their price target on Air Canada from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Tuesday. Jefferies Financial Group lifted their price objective on Air Canada from C$16.00 to C$18.00 in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada decreased their target price on Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$23.70.

Air Canada Price Performance

AC stock opened at C$17.98 on Tuesday. 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. The firm has a 50 day moving average price of C$15.87 and a 200-day moving average price of C$17.42. Air Canada has a 52-week low of C$14.47 and a 52-week high of C$20.47. The firm has a market capitalization of C$6.45 billion, a price-to-earnings ratio of 4.01, a PEG ratio of 0.02 and a beta of 2.39.

Air Canada (TSE:AC) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.98 earnings per share (EPS) for the quarter, beating 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 business had revenue of C$5.52 billion during the quarter, compared to analysts’ expectations of C$5.55 billion. Equities research analysts forecast that Air Canada will post 2.5789474 EPS for the current fiscal year.

Insider Buying and Selling at Air Canada

In other Air Canada news, Senior Officer Christophe Hennebelle purchased 1,900 shares of the business’s stock in a transaction 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. 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.