Insider Selling: Air Canada (AC) Insider Sells C$12,325.50 in Stock

Air Canada (TSE:AC) insider Pierre Houle sold 450 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of C$27.39, for a total value of C$12,325.50.

Shares of Air Canada stock opened at C$27.40 on Monday. Air Canada has a 52 week low of C$20.33 and a 52 week high of C$29.11.

Air Canada (TSE:AC) last issued its quarterly earnings data on Friday, July 27th. The company reported C$0.41 EPS for the quarter, topping the consensus estimate of C$0.27 by C$0.14. The firm had revenue of C$4.33 billion during the quarter, compared to the consensus estimate of C$4.29 billion. Air Canada had a return on equity of 113.41% and a net margin of 7.67%.

A number of research firms recently weighed in on AC. BMO Capital Markets upped their price target on Air Canada from C$34.00 to C$39.00 in a research note on Tuesday, September 4th. National Bank Financial upped their price target on Air Canada from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Monday, July 30th. Royal Bank of Canada upped their price target on Air Canada from C$28.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Monday, July 30th. Raymond James upped their price target on Air Canada from C$21.00 to C$22.50 and gave the stock a “market perform” rating in a research note on Monday, July 30th. Finally, Cormark set a C$39.00 price target on Air Canada in a research note on Monday, July 30th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$33.79.

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.

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

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