Air Canada (TSE:AC) Reaches New 52-Week Low - Should You Sell?

Air Canada (TSE:AC - Get Free Report)'s share price reached a new 52-week low on Friday . The stock traded as low as C$14.35 and last traded at C$14.46, with a volume of 681570 shares changing hands. The stock had previously closed at C$14.59.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Raymond James upgraded Air Canada to a "moderate buy" rating in a report on Tuesday, December 17th. Citigroup reduced their price target 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. Cormark raised their price target on shares of Air Canada from C$26.75 to C$29.50 in a research note on Wednesday, December 18th. Jefferies Financial Group cut their price objective on shares of Air Canada from C$23.00 to C$18.00 in a research report on Monday, February 24th. Finally, CIBC decreased their target price on shares of Air Canada from C$28.00 to C$24.00 in a research report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$25.20.

Air Canada Price Performance

The business has a fifty day moving average of C$17.13 and a two-hundred day moving average of C$19.41. 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 firm has a market capitalization of C$5.09 billion, a price-to-earnings ratio of 2.01, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39.

Insider Buying and Selling at Air Canada

In other Air Canada news, Senior Officer Craig Landry purchased 13,644 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of C$16.75 per share, with a total value of C$228,546.55. Also, Director Vagn Sorensen acquired 11,440 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was acquired at an average price of C$17.40 per share, with a total value of C$199,057.14. Insiders own 0.14% of the company's stock.

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.