Samuel Elfassy Sells 5,418 Shares of Air Canada (TSE:AC) Stock

Air Canada (TSE:AC) Senior Officer Samuel Elfassy sold 5,418 shares of Air Canada stock in a transaction on Thursday, August 8th. The stock was sold at an average price of C$43.99, for a total transaction of C$238,333.49. Following the sale, the insider now directly owns 13,675 shares of the company’s stock, valued at C$601,552.31.

TSE AC traded down C$0.02 during trading on Tuesday, reaching C$43.74. The company’s stock had a trading volume of 593,323 shares, compared to its average volume of 1,162,425. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 280.78. The firm has a market capitalization of $11.92 billion and a price-to-earnings ratio of 10.43. Air Canada has a twelve month low of C$22.57 and a twelve month high of C$47.43. The business’s fifty day moving average is C$42.92.

Air Canada (TSE:AC) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$0.88 EPS for the quarter, beating analysts’ consensus estimates of C$0.76 by C$0.12. The business had revenue of C$4.76 billion during the quarter, compared to analyst estimates of C$4.68 billion. On average, equities analysts predict that Air Canada will post 4.9300001 earnings per share for the current fiscal year.

AC has been the subject of several recent analyst reports. TD Securities lifted their price objective on shares of Air Canada from C$52.00 to C$54.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Canaccord Genuity boosted their price target on shares of Air Canada from C$45.00 to C$50.00 in a research report on Tuesday, July 23rd. CIBC boosted their price target on shares of Air Canada from C$50.00 to C$53.00 in a research report on Wednesday, July 31st. Royal Bank of Canada boosted their price target on shares of Air Canada from C$48.00 to C$57.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. cut shares of Air Canada from an “overweight” rating to a “neutral” rating and boosted their price target for the company from C$42.00 to C$50.00 in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$50.63.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations 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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Insider Buying and Selling by Quarter for Air Canada (TSE:AC)

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