Craig Landry Purchases 13,644 Shares of Air Canada (TSE:AC) Stock

Air Canada (TSE:AC) Senior Officer Craig Landry acquired 13,644 shares of Air Canada stock in a transaction on Friday, February 28th. 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 Trading Up 3.7 %

TSE AC opened at C$16.67 on Thursday. The stock has a 50-day simple moving average of C$19.45 and a 200 day simple moving average of C$19.43. The company has a market capitalization of C$5.95 billion, a PE ratio of 2.35, a P/E/G ratio of 0.02 and a beta of 2.39. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. Air Canada has a 12 month low of C$14.47 and a 12 month high of C$26.18.

Analyst Upgrades and Downgrades

A number of research firms have commented on AC. Scotiabank boosted their price objective on Air Canada from C$26.50 to C$29.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. CIBC dropped their target price on Air Canada from C$28.00 to C$24.00 in a research report on Tuesday, February 18th. ATB Capital boosted their target price on 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. Jefferies Financial Group dropped their target price on Air Canada from C$23.00 to C$18.00 in a research report on Monday, February 24th. Finally, Stifel Nicolaus dropped their target price on Air Canada from C$28.00 to C$26.00 in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$25.20.

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.