Kevin C. Howlett Sells 30,769 Shares of Air Canada (AC) Stock
Air Canada (TSE:AC) insider Kevin C. Howlett sold 30,769 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of C$22.00, for a total transaction of C$676,918.00.
Shares of Air Canada (TSE:AC) traded up 1.20% on Tuesday, reaching $21.93. 1,850,931 shares of the company’s stock were exchanged. Air Canada has a 1-year low of $8.82 and a 1-year high of $22.25. The stock’s 50-day moving average price is $19.04 and its 200-day moving average price is $15.54. The company has a market capitalization of $5.96 billion and a P/E ratio of 7.19.
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Several brokerages have recently weighed in on AC. Royal Bank Of Canada increased their target price on shares of Air Canada from C$18.00 to C$21.00 and gave the stock a “top pick” rating in a research note on Monday, May 8th. Scotiabank increased their target price on shares of Air Canada from C$16.25 to C$20.50 and gave the stock a “sector perform” rating in a research note on Monday, July 10th. TD Securities increased their target price on shares of Air Canada from C$21.00 to C$24.00 and gave the stock an “action list buy” rating in a research note on Tuesday, May 9th. BMO Capital Markets reiterated an “outperform” rating and set a C$20.00 target price on shares of Air Canada in a research note on Friday, May 12th. Finally, CIBC increased their target price on shares of Air Canada from C$19.50 to C$20.50 and gave the stock an “outperform” rating in a research note on Tuesday, June 20th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$25.17.
About Air Canada
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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