Air Canada (TSE:AC - Get Free Report) Director Vagn Sorensen bought 11,440 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were acquired at an average price of C$17.40 per share, with a total value of C$199,057.14.
Air Canada Trading Up 1.2 %
Shares of AC stock traded up C$0.20 during trading hours on Monday, hitting C$17.04. The company had a trading volume of 2,684,380 shares, compared to its average volume of 3,219,574. The company's fifty day moving average is C$20.20 and its 200 day moving average is C$19.41. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06. Air Canada has a fifty-two week low of C$14.47 and a fifty-two week high of C$26.18. The stock has a market capitalization of C$6.08 billion, a PE ratio of 2.40, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39.
Analysts Set New Price Targets
AC has been the subject of a number of research reports. TD Cowen boosted their target price on shares of Air Canada to C$25.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. ATB Capital upped their price objective on shares of Air Canada from C$28.00 to C$31.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 18th. Jefferies Financial Group decreased their price objective on shares of Air Canada from C$23.00 to C$18.00 in a research report on Monday. Cormark upped their price objective on shares of Air Canada from C$26.75 to C$29.50 in a research report on Wednesday, December 18th. Finally, Stifel Nicolaus decreased their price objective on shares of Air Canada from C$28.00 to C$26.00 in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$25.87.
Check Out Our Latest Analysis on AC
Air Canada Company Profile
(
Get Free Report)
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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