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 during mid-day trading on Friday . The company traded as low as C$14.35 and last traded at C$14.46, with a volume of 681570 shares trading hands. The stock had previously closed at C$14.59.

Analysts Set New Price Targets

A number of research analysts have recently commented on AC shares. Jefferies Financial Group dropped their target price on shares of Air Canada from C$23.00 to C$18.00 in a report on Monday, February 24th. Citigroup dropped their price objective on shares of Air Canada from C$28.50 to C$26.50 and set a "buy" rating for the company in a research note on Monday, December 30th. Cormark boosted their target price on shares of Air Canada from C$26.75 to C$29.50 in a research note on Wednesday, December 18th. Raymond James upgraded Air Canada to a "moderate buy" rating in a research note on Tuesday, December 17th. Finally, Stifel Nicolaus reduced their price objective on Air Canada from C$28.00 to C$26.00 in a research report on Tuesday, February 18th. Three research 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's stock. According to data from MarketBeat, Air Canada presently has an average rating of "Moderate Buy" and a consensus price target of C$25.20.

Air Canada Price Performance

The business has a 50-day moving average price of C$17.26 and a two-hundred day moving average price of C$19.45. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00. The company has a market capitalization of C$5.05 billion, a price-to-earnings ratio of 2.00, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39.

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Insider Buying and Selling at Air Canada

In other news, Senior Officer Craig Landry acquired 13,644 shares of the firm's stock in a transaction on Friday, February 28th. The stock was purchased at an average price of C$16.75 per share, for a total transaction of C$228,546.55. Also, Director Vagn Sorensen bought 11,440 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were purchased at an average cost of C$17.40 per share, for a total transaction of C$199,057.14. Company 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.