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

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

Air Canada Stock Down 2.2 %

Shares of Air Canada stock opened at C$16.84 on Friday. Air Canada has a 52-week low of C$14.47 and a 52-week high of C$26.18. The company has a 50 day moving average of C$20.52 and a 200 day moving average of C$19.37. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00. The company has a market capitalization of C$6.01 billion, a P/E ratio of 2.37, a P/E/G ratio of 0.02 and a beta of 2.39.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AC. Canaccord Genuity Group increased their target price on shares of Air Canada from C$25.00 to C$29.00 in a research note on Monday, November 4th. JPMorgan Chase & Co. increased their target price on shares of Air Canada from C$32.00 to C$34.00 in a research note on Monday, November 4th. Stifel Canada raised shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 3rd. TD Cowen raised their price objective on shares of Air Canada to C$25.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, ATB Capital raised their price objective on shares of Air Canada from C$28.00 to C$31.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.