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

Air Canada (TSE:AC) Senior Officer Craig Landry purchased 7,909 shares of Air Canada stock in a transaction that occurred on Monday, March 31st. The stock was acquired 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 stock was acquired at an average cost of C$16.75 per share, for a total transaction of C$228,546.55.

Air Canada Stock Down 3.1 %

Shares of Air Canada stock opened at C$13.55 on Friday. The stock has a market capitalization of C$4.83 billion, a price-to-earnings ratio of 1.91, a PEG ratio of 0.02 and a beta of 2.39. Air Canada has a twelve month low of C$13.11 and a twelve month high of C$26.18. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. The business’s 50 day simple moving average is C$16.65 and its 200-day simple moving average is C$19.41.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of Air Canada from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from C$34.00 to C$24.00 in a research note on Monday, March 3rd. ATB Capital boosted their target price on shares of Air Canada from C$28.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Citigroup reduced their price target on shares of Air Canada from C$28.50 to C$26.50 and set a “buy” rating on the stock in a research report on Monday, December 30th. Cormark lifted their price target on Air Canada from C$26.75 to C$29.50 in a research note on Wednesday, December 18th. Finally, CIBC cut their price objective on Air Canada from C$28.00 to C$24.00 in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$24.67.

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.