Craig Landry Acquires 7,909 Shares of Air Canada (TSE:AC) Stock

Air Canada (TSE:AC) Senior Officer Craig Landry bought 7,909 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average price of C$13.99 per share, with a total value of C$110,646.91.

Craig Landry also recently made the following trade(s):

• On Friday, February 28th, Craig Landry purchased 13,644 shares of Air Canada stock. The shares were acquired at an average cost of C$16.75 per share, for a total transaction of C$228,546.55.

Air Canada Stock Performance

Shares of Air Canada stock opened at C$13.55 on Monday. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00. Air Canada has a 52 week low of C$13.11 and a 52 week high of C$26.18. The firm’s 50 day moving average is C$16.65 and its two-hundred day moving average is C$19.41. The firm has a market capitalization of C$4.83 billion, a P/E ratio of 1.91, a P/E/G ratio of 0.02 and a beta of 2.39.

Wall Street Analysts Forecast Growth

AC has been the topic of a number of research reports. JPMorgan Chase & Co. lowered shares of Air Canada from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from C$34.00 to C$24.00 in a report on Monday, March 3rd. Stifel Nicolaus reduced their price objective on Air Canada from C$28.00 to C$26.00 in a research note on Tuesday, February 18th. Citigroup decreased their target price on Air Canada from C$28.50 to C$26.50 and set a “buy” rating for the company in a report on Monday, December 30th. Raymond James upgraded Air Canada to a “moderate buy” rating in a report on Tuesday, December 17th. Finally, BMO Capital Markets decreased their price objective on Air Canada from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Air Canada currently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.67.

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.