Raymond James Upgrades Air Canada (TSE:AC) to Moderate Buy

Air Canada (TSE:AC) was upgraded by research analysts at Raymond James to a “moderate buy” rating in a report released on Tuesday,Zacks.com reports.

A number of other research firms have also recently weighed in on AC. ATB Capital increased their price target on Air Canada from C$28.00 to C$31.00 and gave the stock an “outperform” rating in a report on Wednesday. Stifel Canada raised Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 3rd. CIBC increased their target price on Air Canada from C$27.00 to C$28.00 in a research note on Wednesday, December 4th. Citigroup lifted their target price on Air Canada from C$21.00 to C$28.50 in a research report on Monday, November 18th. Finally, Cormark increased their price target on shares of Air Canada from C$26.75 to C$29.50 in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Air Canada has an average rating of “Moderate Buy” and an average price target of C$26.50.

Air Canada Price Performance

TSE:AC opened at C$21.72 on Tuesday. Air Canada has a one year low of C$14.47 and a one year high of C$26.18. The stock has a market cap of C$7.79 billion, a PE ratio of 4.85, a P/E/G ratio of 0.02 and a beta of 2.39. 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 stock has a 50 day moving average price of C$22.14 and a 200 day moving average price of C$18.51.

Air Canada Company Profile

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.