Insider Buying: Air Canada (TSE:AC) Senior Officer Buys 1,900 Shares of Stock

Air Canada (TSE:AC - Get Free Report) Senior Officer Christophe Hennebelle bought 1,900 shares of the stock in a transaction on Friday, August 9th. The shares were acquired at an average cost of C$15.70 per share, with a total value of C$29,830.00.

Air Canada Price Performance

TSE AC traded down C$0.59 during trading hours on Monday, hitting C$15.03. The company had a trading volume of 2,276,559 shares, compared to its average volume of 2,239,137. Air Canada has a 52 week low of C$14.47 and a 52 week high of C$23.81. The firm has a 50 day simple moving average of C$16.88 and a 200 day simple moving average of C$18.09. The company has a debt-to-equity ratio of 1,767.66, a quick ratio of 1.06 and a current ratio of 0.85. The firm has a market capitalization of C$5.39 billion, a price-to-earnings ratio of 2.60, a PEG ratio of 0.02 and a beta of 2.40.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. National Bankshares reduced their price target on Air Canada from C$28.00 to C$24.00 and set an "outperform" rating on the stock in a report on Monday, July 22nd. Royal Bank of Canada reduced their target price on Air Canada from C$18.00 to C$17.00 and set a "sector perform" rating on the stock in a report on Tuesday, July 23rd. BMO Capital Markets reduced their target price on Air Canada from C$33.00 to C$28.00 and set an "outperform" rating on the stock in a report on Wednesday, July 24th. Raymond James cut their price target on Air Canada from C$28.00 to C$22.00 and set an "outperform" rating on the stock in a report on Tuesday, July 23rd. Finally, Cormark cut their price target on Air Canada from C$25.50 to C$21.25 in a report on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$24.38.

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.