Air Canada (TSE:AC) Senior Officer Carolyn Hadrovic Sells 2,146 Shares

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

Shares of AC stock opened at C$49.47 on Tuesday. The company’s fifty day simple moving average is C$47.81 and its 200-day simple moving average is C$43.71. Air Canada has a 52 week low of C$23.50 and a 52 week high of C$51.07. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 231.51. The company has a market cap of $13.59 billion and a PE ratio of 12.35.

Air Canada (TSE:AC) last issued its earnings results on Tuesday, October 29th. The company reported C$2.27 EPS for the quarter, missing the Zacks’ consensus estimate of C$2.34 by C($0.07). The firm had revenue of C$5.55 billion for the quarter, compared to analyst estimates of C$5.56 billion. Equities research analysts expect that Air Canada will post 4.7200001 EPS for the current fiscal year.

A number of equities analysts have weighed in on the stock. Raymond James reiterated a “market perform” rating and issued a C$45.00 price target on shares of Air Canada in a report on Wednesday, October 30th. TD Securities lifted their price target on shares of Air Canada from C$54.00 to C$57.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. CIBC lifted their price target on shares of Air Canada from C$54.00 to C$58.00 in a report on Wednesday, October 30th. Royal Bank of Canada lifted their price target on shares of Air Canada from C$57.00 to C$59.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, National Bank Financial lifted their price target on shares of Air Canada from C$55.00 to C$57.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average 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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