Craig Landry Purchases 7,909 Shares of Air Canada (TSE:AC) Stock

Air Canada (TSE:AC) Senior Officer Craig Landry purchased 7,909 shares of Air Canada stock in a transaction on Monday, March 31st. The shares were acquired 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 bought 13,644 shares of Air Canada stock. The stock was acquired at an average price of C$16.75 per share, with a total value of C$228,546.55.

Air Canada Stock Performance

Shares of TSE:AC opened at C$13.55 on Friday. The business’s 50-day simple moving average is C$16.65 and its 200 day simple moving average is C$19.41. The company has a market cap of C$4.83 billion, a P/E ratio of 1.91, a PEG 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. Air Canada has a one year low of C$13.11 and a one year high of C$26.18.

Wall Street Analyst Weigh In

Several analysts have commented on the company. ATB Capital lifted their price target on Air Canada from C$28.00 to C$31.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. BMO Capital Markets lowered their target price on shares of Air Canada from C$31.00 to C$29.00 and set an “outperform” rating for the company in a report on Thursday. Stifel Nicolaus cut their price target on shares of Air Canada from C$28.00 to C$26.00 in a research note on Tuesday, February 18th. Scotiabank boosted their price objective 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. Finally, Raymond James raised Air Canada to a “moderate buy” rating in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.67.

About Air Canada

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.