Madeleine Paquin Acquires 4,500 Shares of Air Canada (AC) Stock

Air Canada (TSE:AC) Director Madeleine Paquin purchased 4,500 shares of Air Canada stock in a transaction on Friday, February 23rd. The shares were acquired at an average price of C$26.02 per share, with a total value of C$117,090.00.

Shares of Air Canada (TSE AC) remained flat at $C$25.99 during trading on Friday. 703,926 shares of the company’s stock traded hands, compared to its average volume of 1,430,000. The firm has a market cap of $7,100.00, a price-to-earnings ratio of 3.53 and a beta of 0.94. Air Canada has a 12-month low of C$12.49 and a 12-month high of C$28.70.

AC has been the subject of a number of analyst reports. CIBC boosted their price target on Air Canada from C$36.00 to C$38.00 in a research report on Thursday, January 4th. National Bank Financial restated an “outperform market weight” rating on shares of Air Canada in a report on Sunday, January 14th. JPMorgan Chase & Co. restated a “neutral” rating and issued a C$29.00 price objective on shares of Air Canada in a report on Monday, November 13th. TD Securities upped their price objective on Air Canada from C$34.00 to C$36.00 and gave the company an “action list buy” rating in a report on Wednesday. Finally, Scotiabank upgraded Air Canada from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$29.25 to C$32.00 in a report on Tuesday. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Air Canada currently has a consensus rating of “Buy” and an average target price of C$32.36.

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Air Canada Company Profile

Air Canada provides the U.S. transbonder and international airline services. The company offers scheduled passenger services under the Air Canada Express brand name in the Canadian market, the Canada-U.S. transbonder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.

Insider Buying and Selling by Quarter for Air Canada (TSE:AC)

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