Air Canada (AC.TO) (TSE:AC) Senior Officer David Shapiro sold 16,973 shares of the company’s stock in a transaction dated Friday, February 19th. The stock was sold at an average price of C$23.81, for a total transaction of C$404,127.13. Following the completion of the sale, the insider now directly owns 13,818 shares of the company’s stock, valued at C$329,006.58.
TSE:AC opened at C$25.07 on Tuesday. Air Canada has a fifty-two week low of C$9.26 and a fifty-two week high of C$40.38. The stock has a market capitalization of C$8.39 billion and a P/E ratio of -1.52. The company has a debt-to-equity ratio of 757.38, a quick ratio of 1.14 and a current ratio of 1.22. The company’s 50-day simple moving average is C$22.21 and its 200-day simple moving average is C$19.87.
Air Canada (AC.TO) (TSE:AC) last announced its quarterly earnings data on Friday, February 12th. The company reported C($4.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($2.68) by C($1.40). The company had revenue of C$827.00 million for the quarter, compared to analysts’ expectations of C$836.76 million. On average, research analysts forecast that Air Canada will post 0.62 EPS for the current year.
A number of research firms have recently weighed in on AC. Scotiabank reduced their target price on shares of Air Canada (AC.TO) from C$30.00 to C$29.00 in a research report on Thursday, December 31st. ATB Capital raised their price objective on shares of Air Canada (AC.TO) from C$27.50 to C$28.00 in a research report on Monday, January 25th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price target on shares of Air Canada (AC.TO) from C$17.00 to C$21.00 in a report on Wednesday, November 11th. Cormark lifted their target price on shares of Air Canada (AC.TO) from C$22.00 to C$25.00 in a research note on Friday, December 18th. Finally, TD Securities lifted their price target on shares of Air Canada (AC.TO) to C$27.00 and gave the company a “buy” rating in a research report on Wednesday, February 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Air Canada (AC.TO) presently has a consensus rating of “Buy” and a consensus price target of C$27.38.
About Air Canada (AC.TO)
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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