Air Canada (TSE:AC) Director Purchases C$199,057.14 in Stock

Air Canada (TSE:AC) Director Vagn Sorensen acquired 11,440 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were acquired at an average cost of C$17.40 per share, for a total transaction of C$199,057.14.

Air Canada Stock Performance

Shares of TSE AC traded down C$0.38 during trading on Friday, hitting C$16.84. The company had a trading volume of 4,275,777 shares, compared to its average volume of 3,234,441. The stock has a 50 day simple moving average of C$20.52 and a 200 day simple moving average of C$19.37. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. Air Canada has a 12 month low of C$14.47 and a 12 month high of C$26.18. The firm has a market capitalization of C$6.01 billion, a P/E ratio of 2.37, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39.

Wall Street Analyst Weigh In

AC has been the topic of several recent analyst reports. TD Cowen increased their price objective on Air Canada to C$25.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. BMO Capital Markets increased their price objective on Air Canada from C$29.00 to C$31.00 in a research report on Wednesday, December 18th. Stifel Canada raised Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 3rd. Canaccord Genuity Group increased their price objective on Air Canada from C$25.00 to C$29.00 in a research report on Monday, November 4th. Finally, Cormark increased their price objective on Air Canada from C$26.75 to C$29.50 in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$26.20.

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.