Air Canada (TSE:AC) insider Eddy Doyle sold 2,063 shares of the stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of C$27.20, for a total value of C$56,113.60.
Shares of Air Canada (AC) traded up C$0.45 during trading on Wednesday, hitting C$28.03. The stock had a trading volume of 1,863,944 shares, compared to its average volume of 1,380,000. The firm has a market capitalization of $7,650.00, a PE ratio of 3.81 and a beta of 0.74. Air Canada has a 1-year low of C$12.49 and a 1-year high of C$28.70.
Several research firms recently commented on AC. JPMorgan Chase & Co. raised their target price on Air Canada from C$27.00 to C$30.00 in a research report on Tuesday. TD Securities lifted their price target on Air Canada from C$34.00 to C$36.00 and gave the company an “action list buy” rating in a research report on Wednesday, February 21st. Scotiabank upgraded Air Canada from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$29.25 to C$32.00 in a research report on Tuesday, February 20th. Macquarie upgraded Air Canada from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$28.00 to C$35.00 in a research report on Tuesday, February 20th. Finally, CIBC lifted their price target on Air Canada from C$36.00 to C$38.00 in a research report on Thursday, January 4th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$32.45.
Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Express 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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