Air Canada (AC) Insider Duncan Bureau Sells 1,417 Shares

Air Canada (TSE:AC) insider Duncan Bureau sold 1,417 shares of Air Canada stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of C$23.10, for a total value of C$32,732.70.

AC stock opened at C$23.14 on Wednesday. Air Canada has a 1 year low of C$16.95 and a 1 year high of C$29.11.

Air Canada (TSE:AC) last posted its earnings results on Monday, April 30th. The company reported C($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.49) by C$0.30. Air Canada had a return on equity of 113.41% and a net margin of 7.67%. The firm had revenue of C$4.07 billion for the quarter, compared to analyst estimates of C$4 billion.



Several brokerages have recently commented on AC. JPMorgan Chase & Co. raised Air Canada from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 15th. TD Securities boosted their price target on Air Canada from C$34.00 to C$38.00 and gave the stock an “action list buy” rating in a research note on Tuesday, May 1st. National Bank Financial decreased their price target on Air Canada from C$33.00 to C$32.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 10th. Scotiabank raised Air Canada from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$29.25 to C$32.00 in a research note on Tuesday, February 20th. Finally, Macquarie raised Air Canada from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$28.00 to C$35.00 in a research note on Tuesday, February 20th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$34.30.

Air Canada Company Profile

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.

Insider Buying and Selling by Quarter for Air Canada (TSE:AC)

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