Air Canada (TSE:AC) Senior Officer Chris Isford Sells 12,734 Shares

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Air Canada (TSE:AC) Senior Officer Chris Isford sold 12,734 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$43.90, for a total value of C$559,035.33. Following the completion of the sale, the insider now owns 23,249 shares of the company’s stock, valued at approximately C$1,020,654.35.

AC opened at C$43.90 on Friday. The company has a debt-to-equity ratio of 280.78, a quick ratio of 0.82 and a current ratio of 0.90. Air Canada has a 52-week low of C$22.57 and a 52-week high of C$47.43. The stock has a market capitalization of $11.79 billion and a PE ratio of 10.47. The stock’s 50 day moving average price is C$43.62 and its 200-day moving average price is C$37.28.

Air Canada (TSE:AC) last posted its earnings results on Tuesday, July 30th. The company reported C$0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.76 by C$0.12. The business had revenue of C$4.76 billion for the quarter, compared to analysts’ expectations of C$4.68 billion. Research analysts forecast that Air Canada will post 4.9299998 EPS for the current fiscal year.

AC has been the topic of several research analyst reports. Raymond James boosted their target price on 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. JPMorgan Chase & Co. cut Air Canada from an “overweight” rating to a “neutral” rating and boosted their target price for the company from C$42.00 to C$50.00 in a research note on Friday, August 2nd. AltaCorp Capital boosted their target price on Air Canada from C$51.00 to C$56.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. CIBC boosted their target price on Air Canada from C$50.00 to C$53.00 in a research note on Wednesday, July 31st. Finally, National Bank Financial boosted their target price on Air Canada from C$52.00 to C$55.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently 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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