Air Canada (TSE:AC) Senior Officer Craig Landry Acquires 13,644 Shares

Air Canada (TSE:AC) Senior Officer Craig Landry bought 13,644 shares of Air Canada stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of C$16.75 per share, with a total value of C$228,546.55.

Air Canada Price Performance

TSE:AC traded down C$0.03 during mid-day trading on Tuesday, hitting C$16.07. 5,520,089 shares of the company’s stock traded hands, compared to its average volume of 3,248,213. Air Canada has a 1 year low of C$14.47 and a 1 year high of C$26.18. The company has a market cap of C$5.73 billion, a PE ratio of 2.26, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. The firm’s 50 day simple moving average is C$19.68 and its 200 day simple moving average is C$19.45.

Analyst Upgrades and Downgrades

AC has been the subject of several analyst reports. ATB Capital increased their price target on shares of Air Canada from C$28.00 to C$31.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Raymond James raised Air Canada to a “moderate buy” rating in a research note on Tuesday, December 17th. Canaccord Genuity Group lifted their price target on Air Canada from C$25.00 to C$29.00 in a research note on Monday, November 4th. CIBC dropped their price objective on Air Canada from C$28.00 to C$24.00 in a report on Tuesday, February 18th. Finally, Stifel Nicolaus reduced their target price on Air Canada from C$28.00 to C$26.00 in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Air Canada presently has a consensus rating of “Moderate Buy” and an average target price of C$25.20.

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.