Air Canada (AC.TO) (TSE:AC) Reaches New 12-Month Low at $0.02


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Air Canada (AC.TO) (TSE:AC)’s share price hit a new 52-week low on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 3290043 shares. The stock had previously closed at C$23.13.

A number of brokerages have commented on AC. Cormark increased their price objective on shares of Air Canada (AC.TO) from C$22.00 to C$25.00 in a report on Friday, December 18th. ATB Capital increased their price objective on shares of Air Canada (AC.TO) from C$26.00 to C$27.50 in a report on Tuesday, November 10th. Cowen upped their price objective on Air Canada (AC.TO) from C$17.00 to C$20.00 in a report on Tuesday, November 10th. Royal Bank of Canada lowered their target price on shares of Air Canada (AC.TO) from C$30.00 to C$27.00 and set an “outperform” rating for the company in a research note on Tuesday, January 5th. Finally, National Bank Financial set a C$30.00 price target on Air Canada (AC.TO) and gave the stock an “outperform” rating in a research report on Wednesday, January 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$29.18.

The firm’s fifty day moving average price is C$24.17 and its 200-day moving average price is C$18.75. The company has a debt-to-equity ratio of 767.46, a current ratio of 1.21 and a quick ratio of 1.15. The company has a market capitalization of C$6.81 billion and a price-to-earnings ratio of -1.89.

Air Canada (AC.TO) (TSE:AC) last issued its quarterly earnings data on Monday, November 9th. The company reported C($2.31) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($2.11) by C($0.20). The firm had revenue of C$757.00 million during the quarter, compared to the consensus estimate of C$1.10 billion. On average, research analysts predict that Air Canada will post -2.8800001 earnings per share for the current year.

In related news, Senior Officer Chris Isford sold 17,661 shares of the firm’s stock in a transaction that occurred on Wednesday, November 25th. The shares were sold at an average price of C$23.50, for a total value of C$415,033.50. Following the completion of the transaction, the insider now directly owns 25,595 shares of the company’s stock, valued at approximately C$601,482.50. Also, Senior Officer Mark Galardo sold 3,435 shares of Air Canada (AC.TO) stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of C$19.98, for a total value of C$68,627.52. Following the completion of the transaction, the insider now owns 145 shares of the company’s stock, valued at C$2,896.94.

Air Canada (AC.TO) Company Profile (TSE:AC)

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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