Insider Selling: Air Canada (AC) Insider Sells 597 Shares of Stock

Air Canada (TSE:AC) insider Pierre Houle sold 597 shares of Air Canada stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of C$27.76, for a total transaction of C$16,572.72.

Pierre Houle also recently made the following trade(s):

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  • On Thursday, February 22nd, Pierre Houle sold 2,238 shares of Air Canada stock. The shares were sold at an average price of C$26.11, for a total transaction of C$58,434.18.

TSE:AC opened at C$25.81 on Monday. Air Canada has a twelve month low of C$12.49 and a twelve month high of C$29.11.

Air Canada (TSE:AC) last released its quarterly earnings data on Friday, February 16th. The company reported C$0.22 EPS for the quarter, beating the consensus estimate of C$0.17 by C$0.05. The company had revenue of C$3.82 billion during the quarter, compared to the consensus estimate of C$3.75 billion. Air Canada had a return on equity of 113.41% and a net margin of 7.67%.

AC has been the topic of a number of research reports. Macquarie raised shares of Air Canada from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$28.00 to C$35.00 in a report on Tuesday, February 20th. Scotiabank upgraded shares of Air Canada from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$29.25 to C$32.00 in a research note on Tuesday, February 20th. TD Securities upped their price target on shares of Air Canada from C$34.00 to C$36.00 and gave the stock an “action list buy” rating in a research report on Wednesday, February 21st. JPMorgan Chase upped their target price on shares of Air Canada from C$27.00 to C$30.00 in a research report on Tuesday, March 13th. Finally, National Bank Financial restated an “outperform market weight” rating on shares of Air Canada in a research report on Sunday, January 14th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$32.45.

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About Air Canada

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.

Insider Buying and Selling by Quarter for Air Canada (TSE:AC)

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