Air Canada (TSE:AC) Senior Officer Carolyn Hadrovic sold 2,146 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of C$50.17, for a total transaction of C$107,665.68. Following the sale, the insider now owns 3,000 shares of the company’s stock, valued at approximately C$150,511.20.

TSE AC opened at C$49.47 on Tuesday. The stock has a market capitalization of $13.59 billion and a P/E ratio of 12.35. Air Canada has a 52-week low of C$23.50 and a 52-week high of C$51.07. The firm has a 50-day moving average price of C$47.81 and a 200 day moving average price of C$43.71. The company has a quick ratio of 0.86, a current ratio of 0.95 and a debt-to-equity ratio of 231.51.

Air Canada (TSE:AC) last posted its quarterly earnings results on Tuesday, October 29th. The company reported C$2.27 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.34 by C($0.07). The company had revenue of C$5.55 billion for the quarter, compared to analysts’ expectations of C$5.56 billion. On average, equities research analysts expect that Air Canada will post 4.7200001 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on AC shares. Royal Bank of Canada increased their target price on shares of Air Canada from C$57.00 to C$59.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Raymond James reiterated a “market perform” rating and set a C$45.00 target price on shares of Air Canada in a research note on Wednesday, October 30th. CIBC increased their target price on shares of Air Canada from C$54.00 to C$58.00 in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upgraded shares of Air Canada from a “neutral” rating to an “overweight” rating and increased their target price for the stock from C$50.00 to C$59.00 in a research note on Wednesday, November 6th. Finally, National Bank Financial increased their target price on shares of Air Canada from C$55.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Air Canada has a consensus rating of “Buy” and a consensus price target of C$52.42.

Air Canada Company Profile

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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Insider Buying and Selling by Quarter for Air Canada (TSE:AC)

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