Insider Selling: Air Canada (TSE:AC) Senior Officer Sells 2,146 Shares of Stock

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Air Canada (TSE:AC) Senior Officer Carolyn Hadrovic sold 2,146 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of C$50.17, for a total value of C$107,665.68. Following the transaction, the insider now owns 3,000 shares in the company, valued at approximately C$150,511.20.

Shares of Air Canada stock traded down C$0.39 during midday trading on Monday, hitting C$49.66. The company had a trading volume of 745,796 shares, compared to its average volume of 1,177,655. The business’s 50 day simple moving average is C$47.52 and its two-hundred day simple moving average is C$43.52. The stock has a market cap of $13.59 billion and a PE ratio of 12.40. The company has a debt-to-equity ratio of 231.51, a current ratio of 0.95 and a quick ratio of 0.86. Air Canada has a 1-year low of C$23.50 and a 1-year high of C$51.07.

Air Canada (TSE:AC) last announced its quarterly earnings data on Tuesday, October 29th. The company reported C$2.27 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.34 by C($0.07). The firm had revenue of C$5.55 billion for the quarter, compared to analyst estimates of C$5.56 billion. On average, sell-side analysts expect that Air Canada will post 4.7200001 EPS for the current fiscal year.

Several equities analysts have commented on AC shares. Raymond James reiterated a “market perform” rating and set a C$45.00 price target on shares of Air Canada in a report on Wednesday, October 30th. CIBC increased their price target on Air Canada from C$54.00 to C$58.00 in a report on Wednesday, October 30th. Royal Bank of Canada increased their price target on Air Canada from C$57.00 to C$59.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. upgraded Air Canada from a “neutral” rating to an “overweight” rating and increased their price target for the company from C$50.00 to C$59.00 in a report on Wednesday, November 6th. Finally, National Bank Financial increased their price target on Air Canada from C$55.00 to C$57.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Air Canada presently has a consensus rating of “Buy” and a consensus target price of C$52.42.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name 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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Insider Buying and Selling by Quarter for Air Canada (TSE:AC)

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