Arielle Meloul-Wechsler's Sale of Air Canada Shares

On December 19th, 2024, Arielle Meloul-Wechsler, a Senior Officer at Air Canada (TSE:AC), sold a total of 6,000 shares of the company's stock. The average selling price for these shares was C$21.71, resulting in a total transaction value of C$130,246.80.

Air Canada Stock Performance

As of December 24, 2024, Air Canada shares were trading at C$22.06, marking an increase of 0.5%. The stock reached a one-year low of C$14.47 and a one-year high of C$26.18. Over the past fifty days, the moving average price has been C$22.25, while the 200-day moving average stands at C$18.53. Air Canada has a market capitalization of approximately C$7.91 billion, with a price-to-earnings (PE) ratio of 4.92 and a price-to-earnings-growth (PEG) ratio of 0.02. Additionally, the company's beta is calculated at 2.39, indicating higher volatility compared to the market.

Financial Ratios

Analyzing Air Canada's balance sheet, the company displays a debt-to-equity ratio of 1,070.99, which suggests high leverage. Its current ratio of 0.85 signals that the company may struggle to cover its short-term liabilities, while the quick ratio of 1.06 shows a slightly better capability of meeting its short-term obligations without relying on inventory sales.

Recent Analyst Ratings

Recently, several research analysts have updated their ratings on Air Canada's stock. Cormark increased its price target from C$26.75 to C$29.50 as of December 18th. TD Cowen recommended the stock with a “buy” rating and a new target price of C$25.00 on November 6th. Furthermore, Raymond James upgraded the stock to a “moderate buy” rating on December 17th, while Jefferies Financial raised its price objective from C$18.00 to C$22.00 on November 5th. National Bankshares also lifted their target from C$22.00 to C$27.00 on November 4th. Currently, the consensus rating is “Moderate Buy” with an average price target of C$26.67, according to data from MarketBeat.com.

About Air Canada

Air Canada is a major airline offering a range of domestic, transborder, and international airline services. This includes scheduled passenger services under its various brand names such as Air Canada Vacations and Air Canada Rouge. These services cater to the Canadian market, as well as the Canada-U.S. transborder market, and extend to international destinations through partnerships with other regional carriers.

Conclusion

As Air Canada continues to navigate its market position, investor interest remains pivotal. Keeping an eye on stock performance, financial health, and analyst recommendations will prove useful for those looking to engage with the company's offerings.

AirCanada, Shares, Transaction