Air Canada (AC) Director Sells C$413,275.00 in Stock
Air Canada (TSE:AC) Director Benjamin M. Smith sold 15,250 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$27.10, for a total transaction of C$413,275.00.
Air Canada (TSE:AC) opened at C$26.89 on Friday. The company has a market cap of $7,340.00, a P/E ratio of 3.65 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.
A number of research firms recently weighed in on AC. Macquarie raised shares of Air Canada from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from C$28.00 to C$35.00 in a research report on Tuesday, February 20th. Scotiabank raised shares of Air Canada from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$29.25 to C$32.00 in a research report on Tuesday, February 20th. TD Securities raised their target price on shares of Air Canada from C$34.00 to C$36.00 and gave the stock an “action list buy” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a C$29.00 target price on shares of Air Canada in a research report on Monday, November 13th. Finally, National Bank Financial reaffirmed an “outperform market weight” rating on shares of Air Canada in a research report on Sunday, January 14th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Air Canada currently has an average rating of “Buy” and a consensus price target of C$32.36.
Air Canada provides the U.S. transbonder and international airline services. The company offers scheduled passenger services under the Air Canada Express brand name in the Canadian market, the Canada-U.S. transbonder 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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