Arielle Meloul-Wechsler Sells 6,000 Shares of Air Canada (TSE:AC) Stock

Air Canada (TSE:AC) Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of C$21.71, for a total transaction of C$130,246.80.

Air Canada Stock Performance

Shares of AC stock traded up C$0.10 during midday trading on Monday, hitting C$22.06. 2,801,419 shares of the company were exchanged, compared to its average volume of 2,609,719. The firm’s 50 day moving average price is C$22.25 and its two-hundred day moving average price is C$18.53. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85. The firm has a market capitalization of C$7.91 billion, a P/E ratio of 4.92, a PEG ratio of 0.02 and a beta of 2.39. Air Canada has a 52 week low of C$14.47 and a 52 week high of C$26.18.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Cormark lifted their target price on shares of Air Canada from C$26.75 to C$29.50 in a research report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their price target on Air Canada from C$32.00 to C$34.00 in a report on Monday, November 4th. Canaccord Genuity Group raised their price objective on shares of Air Canada from C$25.00 to C$29.00 in a research report on Monday, November 4th. National Bankshares upped their price objective on Air Canada from C$22.00 to C$27.00 in a report on Monday, November 4th. Finally, ATB Capital upped their price target on Air Canada from C$28.00 to C$31.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$26.67.

Air Canada Company Profile

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.