Air Canada (TSE:AC) Senior Officer Sells C$238,333.49 in Stock

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Air Canada (TSE:AC) Senior Officer Samuel Elfassy sold 5,418 shares of Air Canada stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of C$43.99, for a total transaction of C$238,333.49. Following the transaction, the insider now owns 13,675 shares in the company, valued at C$601,552.31.

Shares of Air Canada stock opened at C$41.86 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 280.78. The stock has a market capitalization of $11.56 billion and a price-to-earnings ratio of 9.99. Air Canada has a 1-year low of C$22.57 and a 1-year high of C$47.43. The firm’s 50-day moving average price is C$43.10 and its two-hundred day moving average price is C$36.94.

Air Canada (TSE:AC) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.76 by C$0.12. The firm had revenue of C$4.76 billion for the quarter, compared to the consensus estimate of C$4.68 billion. As a group, equities research analysts predict that Air Canada will post 4.9300001 EPS for the current year.

A number of analysts recently weighed in on AC shares. Canaccord Genuity upped their target price on shares of Air Canada from C$45.00 to C$50.00 in a research note on Tuesday, July 23rd. Raymond James upped their target price on shares of Air Canada from C$38.00 to C$44.50 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. AltaCorp Capital upped their price objective on shares of Air Canada from C$51.00 to C$56.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. cut shares of Air Canada from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from C$42.00 to C$50.00 in a research note on Friday, August 2nd. Finally, TD Securities upped their price objective on shares of Air Canada from C$52.00 to C$54.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$50.63.

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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