Air Canada (TSE:AC - Get Free Report) Director Vagn Sorensen acquired 11,440 shares of Air Canada stock in a transaction dated 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 0.9 %
TSE AC traded up C$0.15 during trading hours on Tuesday, reaching C$17.19. The company's stock had a trading volume of 3,048,700 shares, compared to its average volume of 3,215,077. The firm has a fifty day simple moving average of C$20.20 and a 200-day simple moving average of 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 52 week low of C$14.47 and a 52 week high of C$26.18. The stock has a market cap of C$6.13 billion, a P/E ratio of 2.42, a P/E/G ratio of 0.02 and a beta of 2.39.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on AC. BMO Capital Markets upped their target price on shares of Air Canada from C$29.00 to C$31.00 in a report on Wednesday, December 18th. JPMorgan Chase & Co. upped their price objective on Air Canada from C$32.00 to C$34.00 in a research note on Monday, November 4th. Stifel Canada upgraded Air Canada from a "hold" rating to a "strong-buy" rating in a research note on Sunday, November 3rd. Scotiabank increased their price target on Air Canada from C$26.50 to C$29.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Finally, TD Cowen raised their price target on Air Canada to C$25.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Air Canada currently has an average rating of "Moderate Buy" and a consensus price target of C$25.87.
Get Our Latest Analysis on Air Canada
About Air Canada
(
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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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