Air Canada (TSE:AC – Get Rating) Senior Officer Pierre Houle sold 2,387 shares of the company's stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of C$19.23, for a total value of C$45,902.01. Following the completion of the transaction, the insider now directly owns 2,903 shares of the company's stock, valued at approximately C$55,824.69.
Air Canada Stock Down 3.8 %
Shares of TSE:AC opened at C$18.39 on Friday. The business's 50 day simple moving average is C$17.86 and its two-hundred day simple moving average is C$20.09. The firm has a market cap of C$6.58 billion and a P/E ratio of -2.08. The company has a debt-to-equity ratio of 183,588.89, a quick ratio of 1.06 and a current ratio of 1.15. Air Canada has a 52-week low of C$15.57 and a 52-week high of C$26.80.
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Air Canada (TSE:AC – Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported C($1.83) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.79) by C($1.04). The business had revenue of C$3.98 billion during the quarter, compared to analyst estimates of C$3.86 billion. As a group, research analysts forecast that Air Canada will post 0.9100001 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on AC shares. Cormark lowered their target price on Air Canada from C$25.00 to C$20.00 and set a "hold" rating for the company in a report on Wednesday, August 3rd. CIBC decreased their price target on Air Canada from C$30.00 to C$29.00 in a research note on Thursday, July 14th. Canaccord Genuity Group raised Air Canada to a "buy" rating and set a C$23.00 price target for the company in a research note on Tuesday, July 12th. TD Securities increased their price target on Air Canada from C$25.00 to C$26.00 and gave the company a "buy" rating in a research note on Wednesday, August 3rd. Finally, ATB Capital increased their price target on Air Canada from C$30.00 to C$32.00 and gave the company a "buy" rating in a research note on Wednesday, August 3rd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$27.50.
About Air Canada
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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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