Air Canada (TSE:AC) Director Michael Green sold 300 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$40.71, for a total value of C$12,213.00. Following the sale, the director now directly owns 101,664 shares in the company, valued at C$4,138,741.44.
TSE:AC opened at C$40.43 on Monday. The firm has a market cap of $11.01 billion and a P/E ratio of 67.38. Air Canada has a 1-year low of C$20.33 and a 1-year high of C$41.40. The company has a current ratio of 1.24, a quick ratio of 1.08 and a debt-to-equity ratio of 164.94.
A number of brokerages have recently issued reports on AC. CIBC boosted their target price on Air Canada from C$46.00 to C$48.00 in a research report on Tuesday, May 7th. Cormark reaffirmed a “buy” rating and set a C$47.00 target price on shares of Air Canada in a research report on Tuesday, March 19th. TD Securities boosted their target price on Air Canada from C$45.00 to C$46.00 in a research report on Wednesday, February 20th. Royal Bank of Canada boosted their target price on Air Canada from C$36.00 to C$43.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Finally, Canaccord Genuity boosted their target price on Air Canada from C$40.00 to C$45.00 in a research report on Monday, March 4th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$44.45.
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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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