Air Canada (TSE:AC – Get Free Report) Senior Officer Craig Landry purchased 13,644 shares of the stock in a transaction on Friday, February 28th. The stock was acquired at an average price of C$16.75 per share, with a total value of C$228,546.55.
Air Canada Stock Performance
Shares of TSE AC opened at C$16.67 on Thursday. The stock has a 50 day moving average price of C$19.45 and a 200 day moving average price of C$19.43. Air Canada has a 52 week low of C$14.47 and a 52 week high of C$26.18. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. The stock has a market capitalization of C$5.95 billion, a PE ratio of 2.35, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the company. Stifel Nicolaus lowered their price target on Air Canada from C$28.00 to C$26.00 in a report on Tuesday, February 18th. Scotiabank upped their price objective on Air Canada from C$26.50 to C$29.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Cormark upped their price objective on Air Canada from C$26.75 to C$29.50 in a research report on Wednesday, December 18th. CIBC reduced their price objective on Air Canada from C$28.00 to C$24.00 in a research report on Tuesday, February 18th. Finally, Citigroup reduced their price objective on Air Canada from C$28.50 to C$26.50 and set a “buy” rating for the company in a research report on Monday, December 30th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.20.
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.
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