Air Canada (TSE:AC) Senior Officer Craig Landry Acquires 7,909 Shares

Air Canada (TSE:AC) Senior Officer Craig Landry acquired 7,909 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were bought at an average cost of C$13.99 per share, for a total transaction of C$110,646.91.

Craig Landry also recently made the following trade(s):

• On Friday, February 28th, Craig Landry purchased 13,644 shares of Air Canada stock. 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 Stock Down 3.1 %

AC stock opened at C$13.55 on Friday. The stock has a market cap of C$4.83 billion, a P/E ratio of 1.91, a P/E/G ratio of 0.02 and a beta of 2.39. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. The stock’s fifty day simple moving average is C$16.65 and its two-hundred day simple moving average is C$19.38. Air Canada has a 1-year low of C$13.11 and a 1-year high of C$26.18.

Wall Street Analyst Weigh In

Several research firms have recently commented on AC. Stifel Nicolaus decreased their price objective on Air Canada from C$28.00 to C$26.00 in a report on Tuesday, February 18th. Scotiabank boosted their price target on shares of Air Canada from C$26.50 to C$29.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. lowered shares of Air Canada from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from C$34.00 to C$24.00 in a research note on Monday, March 3rd. Jefferies Financial Group downgraded shares of Air Canada from a “hold” rating to an “underperform” rating and decreased their target price for the stock from C$18.00 to C$12.00 in a research report on Tuesday. Finally, CIBC dropped their price target on shares of Air Canada from C$28.00 to C$24.00 in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$24.67.

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.