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

Air Canada (TSE:AC) Senior Officer Craig Landry purchased 7,909 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average cost 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 stock was acquired at an average cost of C$16.75 per share, with a total value of C$228,546.55.

Air Canada Stock Down 3.1 %

Shares of TSE AC traded down C$0.44 during trading on Friday, reaching C$13.55. The company had a trading volume of 4,969,817 shares, compared to its average volume of 3,425,908. The stock has a market cap of C$4.83 billion, a PE ratio of 1.91, a P/E/G ratio of 0.02 and a beta of 2.39. 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 12-month low of C$13.11 and a 12-month high of C$26.18. The business’s 50-day moving average is C$16.77 and its 200 day moving average is C$19.39.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. BMO Capital Markets cut their price target 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. CIBC lowered their target price on Air Canada from C$28.00 to C$24.00 in a report on Tuesday, February 18th. Citigroup lowered their price target on shares of 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. ATB Capital raised their price target on Air Canada from C$28.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Finally, Cormark boosted their price target on shares of Air Canada from C$26.75 to C$29.50 in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$24.67.

About Air Canada

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.