Insider Buying: Air Canada (TSE:AC) Director Acquires 11,440 Shares of Stock

Air Canada (TSE:AC) Director Vagn Sorensen purchased 11,440 shares of the stock in a transaction dated Wednesday, February 19th. The stock was acquired at an average cost of C$17.40 per share, for a total transaction of C$199,057.14.

Air Canada Price Performance

Shares of Air Canada stock opened at C$16.84 on Monday. Air Canada has a 52-week low of C$14.47 and a 52-week high of C$26.18. The stock has a market capitalization of C$6.01 billion, a price-to-earnings ratio of 2.37, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a fifty day moving average of C$20.36 and a 200-day moving average of C$19.42. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92.

Analyst Ratings Changes

A number of analysts recently weighed in on AC shares. CIBC decreased their target price on shares of Air Canada from C$28.00 to C$24.00 in a report on Tuesday, February 18th. Jefferies Financial Group upped their target price on shares of Air Canada from C$22.00 to C$23.00 in a report on Monday, January 6th. Cormark upped their target price on shares of Air Canada from C$26.75 to C$29.50 in a report on Wednesday, December 18th. Canaccord Genuity Group upped their target price on shares of Air Canada from C$25.00 to C$29.00 in a report on Monday, November 4th. Finally, Scotiabank upped their target price on shares of Air Canada from C$26.50 to C$29.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$26.20.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names 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.