Carolyn Hadrovic Sells 3,708 Shares of Air Canada (AC) Stock
Air Canada (TSE:AC) insider Carolyn Hadrovic sold 3,708 shares of Air Canada stock in a transaction dated Friday, November 30th. The stock was sold at an average price of C$29.20, for a total value of C$108,273.60.
Shares of AC stock opened at C$27.80 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.13 and a debt-to-equity ratio of 146.77. Air Canada has a 12-month low of C$20.33 and a 12-month high of C$29.39.
Several equities research analysts have issued reports on AC shares. BMO Capital Markets raised their price objective on shares of Air Canada from C$34.00 to C$39.00 in a research report on Tuesday, September 4th. JPMorgan Chase & Co. raised their price objective on shares of Air Canada from C$30.00 to C$34.00 in a research report on Friday, November 2nd. National Bank Financial raised their price objective on shares of Air Canada from C$29.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. Finally, Raymond James raised their price objective on shares of Air Canada from C$22.50 to C$24.00 and gave the stock a “market perform” rating in a research report on Thursday, November 1st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$34.00.
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.
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