Air Canada (TSE:AC) Senior Officer Purchases C$228,546.55 in Stock

Air Canada (TSE:AC - Get Free Report) Senior Officer Craig Landry acquired 13,644 shares of the firm's stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of C$16.75 per share, for a total transaction of C$228,546.55.

Air Canada Trading Up 1.8 %

TSE AC traded up C$0.29 during trading hours on Friday, hitting C$16.36. The company's stock had a trading volume of 4,893,450 shares, compared to its average volume of 3,349,153. The stock has a fifty day moving average of C$19.20 and a 200 day moving average of C$19.45. Air Canada has a twelve month low of C$14.47 and a twelve month high of C$26.18. The firm has a market capitalization of C$5.84 billion, a P/E ratio of 2.30, a PEG ratio of 0.02 and a beta of 2.39. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00.

Analysts Set New Price Targets

Several analysts have weighed in on AC shares. CIBC decreased their price objective on shares of Air Canada from C$28.00 to C$24.00 in a research note on Tuesday, February 18th. Raymond James raised shares of Air Canada to a "moderate buy" rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. cut shares of Air Canada from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from C$34.00 to C$24.00 in a research note on Monday, March 3rd. BMO Capital Markets upped their price objective on shares of Air Canada from C$29.00 to C$31.00 in a research note on Wednesday, December 18th. Finally, Jefferies Financial Group reduced their target price on shares of Air Canada from C$23.00 to C$18.00 in a research report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$25.20.

Remove Ads

About Air Canada

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.