Air Canada (TSE: AC) recently received a number of ratings updates from brokerages and research firms:

  • 7/10/2017 – Air Canada had its price target raised by analysts at Scotiabank from C$16.25 to C$20.50. They now have a “sector perform” rating on the stock.
  • 7/7/2017 – Air Canada had its price target raised by analysts at CIBC from C$20.50 to C$23.00.
  • 7/7/2017 – Air Canada had its price target raised by analysts at Royal Bank Of Canada from C$21.00 to C$25.00. They now have a “top pick” rating on the stock.
  • 7/7/2017 – Air Canada had its price target raised by analysts at Canaccord Genuity from C$21.00 to C$23.00. They now have a “buy” rating on the stock.
  • 6/29/2017 – Air Canada had its price target raised by analysts at National Bank Financial from C$18.50 to C$20.00.
  • 6/20/2017 – Air Canada had its price target raised by analysts at CIBC from C$19.50 to C$20.50. They now have an “outperform” rating on the stock.
  • 6/14/2017 – Air Canada had its price target raised by analysts at Canaccord Genuity from C$18.00 to C$21.00. They now have a “buy” rating on the stock.
  • 5/18/2017 – Air Canada had its “buy” rating reaffirmed by analysts at Beacon Securities.
  • 5/15/2017 – Air Canada had its price target raised by analysts at Scotiabank from C$15.50 to C$16.25. They now have a “sector perform” rating on the stock.
  • 5/15/2017 – Air Canada had its price target raised by analysts at Raymond James Financial, Inc. from C$12.50 to C$15.00. They now have a “market perform” rating on the stock.
  • 5/15/2017 – Air Canada had its price target raised by analysts at Royal Bank Of Canada from C$18.00 to C$21.00. They now have a “top pick” rating on the stock.
  • 5/12/2017 – Air Canada had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a C$20.00 price target on the stock.

Air Canada (AC) traded up 1.91% during mid-day trading on Tuesday, hitting $20.76. The stock had a trading volume of 1,640,682 shares. The company has a 50-day moving average of $17.26 and a 200-day moving average of $14.51. The stock has a market cap of $5.63 billion and a price-to-earnings ratio of 7.86. Air Canada has a 12-month low of $8.66 and a 12-month high of $20.93.

In related news, insider Michael Stewart Rousseau sold 52,000 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of C$18.04, for a total value of C$938,080.00. Also, insider Marcel Forget sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of C$17.36, for a total value of C$86,800.00. Insiders have sold 115,678 shares of company stock valued at $2,073,401 over the last ninety days.

Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. Its mainline operates a fleet of approximately 170 aircraft, including Airbus narrow-body aircraft, over 70 Boeing and Airbus wide-body aircraft, and approximately Embraer 190 regional jets.

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