Air Canada (TSE:AC) Senior Officer Chris Isford sold 12,734 shares of Air Canada stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$43.90, for a total value of C$559,035.33. Following the transaction, the insider now directly owns 23,249 shares of the company’s stock, valued at approximately C$1,020,654.35.
Shares of AC opened at C$43.90 on Friday. The company has a market cap of $11.79 billion and a PE ratio of 10.47. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 280.78. The stock has a 50-day moving average price of C$43.62 and a 200-day moving average price of C$37.28. Air Canada has a 12-month low of C$22.57 and a 12-month high of C$47.43.
Air Canada (TSE:AC) last issued its quarterly earnings results on Tuesday, July 30th. The company reported C$0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.76 by C$0.12. The business had revenue of C$4.76 billion for the quarter, compared to the consensus estimate of C$4.68 billion. As a group, analysts predict that Air Canada will post 4.9299998 earnings per share for the current year.
A number of research firms have weighed in on AC. JPMorgan Chase & Co. lowered Air Canada from an “overweight” rating to a “neutral” rating and lifted their target price for the company from C$42.00 to C$50.00 in a report on Friday, August 2nd. Royal Bank of Canada lifted their target price on Air Canada from C$48.00 to C$57.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Raymond James lifted their target price on Air Canada from C$38.00 to C$44.50 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Cowen lifted their target price on Air Canada from C$47.00 to C$50.00 in a report on Wednesday, July 31st. Finally, TD Securities lifted their target price on Air Canada from C$52.00 to C$54.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Air Canada presently has a consensus rating of “Buy” and a consensus target price of C$50.63.
About Air Canada
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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