Air Canada (TSE:AC) Senior Officer Buys C$110,646.91 in Stock

Air Canada (TSE:AC) Senior Officer Craig Landry purchased 7,909 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average cost of C$13.99 per share, with a total value 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 shares were bought at an average cost of C$16.75 per share, with a total value of C$228,546.55.

Air Canada Stock Down 3.1 %

AC stock opened at C$13.55 on Monday. The firm has a market cap of C$4.83 billion, a PE ratio of 1.91, a PEG ratio of 0.02 and a beta of 2.39. Air Canada has a one year low of C$13.11 and a one year high of C$26.18. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. The firm’s 50 day moving average price is C$16.65 and its 200-day moving average price is C$19.41.

Analyst Ratings Changes

Several research firms recently issued reports on AC. Citigroup lowered their price objective on Air Canada from C$28.50 to C$26.50 and set a “buy” rating on the stock in a report on Monday, December 30th. Jefferies Financial Group cut Air Canada from a “hold” rating to an “underperform” rating and dropped their price target for the stock from C$18.00 to C$12.00 in a research report on Tuesday, April 1st. Raymond James raised Air Canada to a “moderate buy” rating in a research note on Tuesday, December 17th. Stifel Nicolaus lowered their target price on shares of Air Canada from C$28.00 to C$26.00 in a research note on Tuesday, February 18th. Finally, Scotiabank increased their target price on shares of Air Canada from C$26.50 to C$29.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, 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.