Air Canada (TSE:AC - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$19.45 and traded as low as C$15.19. Air Canada shares last traded at C$15.22, with a volume of 3,246,600 shares trading hands.
Wall Street Analysts Forecast Growth
A number of analysts have commented on AC shares. Jefferies Financial Group decreased their price objective on Air Canada from C$23.00 to C$18.00 in a report on Monday, February 24th. Cormark raised their price objective on Air Canada from C$26.75 to C$29.50 in a research note on Wednesday, December 18th. Stifel Nicolaus reduced their target price on shares of Air Canada from C$28.00 to C$26.00 in a research note on Tuesday, February 18th. Scotiabank boosted their target price on Air Canada from C$26.50 to C$29.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 18th. Finally, Raymond James upgraded shares of Air Canada to a "moderate buy" rating in a report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Air Canada currently has a consensus rating of "Moderate Buy" and a consensus target price of C$25.20.
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Air Canada Price Performance
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 firm's fifty day moving average price is C$17.73 and its 200-day moving average price is C$19.47. The stock has a market cap of C$5.43 billion, a P/E ratio of 2.14, a PEG ratio of 0.02 and a beta of 2.39.
Insider Activity 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 stock was bought 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 business's stock in a transaction on Wednesday, February 19th. The stock was acquired at an average price of C$17.40 per share, for a total transaction of C$199,057.14. 0.14% of the stock is currently owned by company insiders.
Air Canada Company Profile
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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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