Vagn Sorensen Acquires 11,440 Shares of Air Canada (TSE:AC) Stock

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

Air Canada Trading Down 2.2 %

Shares of AC stock opened at C$16.84 on Friday. 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 business has a 50-day moving average price of C$20.36 and a two-hundred day moving average price of C$19.40. Air Canada has a 12-month low of C$14.47 and a 12-month high of C$26.18. The firm has a market cap of C$6.01 billion, a P/E ratio of 2.37, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Jefferies Financial Group lifted their price target on Air Canada from C$22.00 to C$23.00 in a research report on Monday, January 6th. Raymond James upgraded Air Canada to a “moderate buy” rating in a research report on Tuesday, December 17th. Stifel Nicolaus reduced their target price on Air Canada from C$28.00 to C$26.00 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. Finally, TD Cowen boosted their target price on Air Canada to C$25.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Air Canada currently 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.