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TSE:AC

Air Canada (AC) Stock Price, News & Analysis

C$18.02
-0.06 (-0.33%)
(As of 02/22/2024 ET)
Today's Range
C$18.01
C$18.26
50-Day Range
C$17.77
C$19.62
52-Week Range
C$16.04
C$26.04
Volume
1.93 million shs
Average Volume
2.25 million shs
Market Capitalization
C$6.46 billion
P/E Ratio
3.04
Dividend Yield
N/A
Price Target
C$30.19

Air Canada MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.92 Rating Score
Upside/​Downside
67.5% Upside
C$30.19 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.35mentions of Air Canada in the last 14 days
Based on 35 Articles This Week
Insider Trading
Acquiring Shares
C$40,028 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.23 out of 5 stars


AC stock logo

About Air Canada Stock (TSE:AC)

Air Canada is an integrated air carrier and Canada’s largest for both passengers and freight. The company is also a flag carrier of Canada which gives it special privileges in domestic markets. The company was founded in 1936 as the Trans-Canadian Airline by the Canadian Government and made its first commercial flight in 1938. The airline was renamed Air Canada following government approval and it operated as a government entity until the early 1980s.

Air Canada went private in 1988 following the deregulation of the air industry and in 2000 it grew to dominate the Canadian market by acquiring its largest competitor, Canadian Airlines. 2003 brought major change to the business that ultimately leads to its IPO. Air Canada was forced to file for bankruptcy protection but emerged as a stronger company under the umbrella of ACE Aviation Holdings. ACE Aviation Holdings is a holding company formed to help take Air Canada out of bankruptcy and has since been dissolved. Air Canada went public in 2007 and is listed on the Toronto Stock Exchange.

Headquartered in Saint-Laurent, Canada, Air Canada is an international air carrier serving 222 destinations worldwide. The company’s fleet consisted of 191 aircraft that are primarily Airbus and Boeing-branded airplanes. The fleet consists of Airbus 330s and Boeing 787 Dreamliners for long-haul flights and a variety of Airbus 320 and Boeing 737 and other models for short-haul destinations. The average age of the fleet in late 2022 was 10.6 years compared to the average lifespan of 30 years which makes it a very young fleet.

The company’s primary brand is Air Canada but it is rounded out by a network of smaller businesses. The company, and its subsidiaries, provide full-service and discount airline service for domestic and international markets. The company operates out of 4 key airports including Montreal-Trudeau International Airport, Toronto-Pearson International Airport, Calgary International Airport and Vancouver International Airport. The company carried more than 51.5 million passengers in 2019 to set a company record but traffic has fallen off in the wake of the pandemic. The company carried only 13.2 million in 2021 but the figure was bouncing back strongly in 2022.

Consumers are able to access Air Canada’s offerings via the Internet or mobile. Consumers can not only view schedules but book flights, rent cars, reserve hotel rooms and check in for their flights. The company also offers a variety of branded credit cards, loyalty programs and other features. Air Canada Cargo, the shipping arm of the company, is a full-service operator capable of shipping all cargo including large animals.

 

AC Stock Price History

AC Stock News Headlines

Investing in the Best Airline Stocks (AC)
Should you invest in airline stocks? Learn the tips and tricks of investing in airline stocks with MarketBeat and whether they fit your portfolio.
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Air Canada (TSE:AC) Price Target Lowered to C$32.00 at ATB Capital
Air Canada (TSE:AC) Receives "Buy" Rating from BMO Capital Markets
Shocking Bank Secret of the Ultra-Rich
A 229-year-old banking secret is behind some of the wealthiest, most powerful dynasties in American history –  here's how it could help you in 2024.
Air Canada (TSE:AC) Shares Down 5.1%
Earnings Alert! Is Air Canada Stock a Buy After its Q4 Results?
Stocks in play: Air Canada
Air Canada: Profits And Deleveraging
Is Air Canada Stock a Buy in February 2024?
See More Headlines
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Company Calendar

Today
2/22/2024
Next Earnings (Estimated)
5/10/2024

Industry, Sector and Symbol

Industry
Airlines
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
35,400
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$30.19
High Stock Price Target
C$41.00
Low Stock Price Target
C$14.00
Potential Upside/Downside
+68.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
12 Analysts

Profitability

Net Income
C$2.28 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$21.83 billion
Cash Flow
C$22.52 per share
Book Value
C$2.22 per share

Miscellaneous

Free Float
N/A
Market Cap
C$6.46 billion
Optionable
Not Optionable
Beta
2.42
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Key Executives

  • Mr. Michael Stewart Rousseau (Age 66)
    CEO, President & Director
    Comp: $3.58M
  • Mr. Craig Landry
    Executive VP & Chief Operations Officer
  • Ms. Arielle Meloul-Wechsler (Age 56)
    Executive VP and Chief Human Resources & Public Affairs
    Comp: $922.5k
  • Mr. John Di Bert C.A. (Age 52)
    CPA, Executive VP & CFO
  • Mr. Melvin Crocker
    Chief Information Officer
  • Valerie Durand
    Head of Investor Relations & Corporate Sustainability
  • Mr. Marc B. Barbeau
    Executive VP & Chief Legal Officer
  • Mr. Mark Youssef Nasr
    Executive Vice President Marketing & Digital and President of Aeroplan
  • Mr. John Alec MacLeod (Age 64)
    Vice President of Global Sales & Alliances
  • Mr. Richard Steer
    Senior Vice President of Operations & Express Carriers














AC Stock Analysis - Frequently Asked Questions

Should I buy or sell Air Canada stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Air Canada in the last twelve months. There are currently 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AC shares.
View AC analyst ratings
or view top-rated stocks.

What is Air Canada's stock price target for 2024?

12 Wall Street analysts have issued 1-year price targets for Air Canada's stock. Their AC share price targets range from C$14.00 to C$41.00. On average, they expect the company's stock price to reach C$30.19 in the next twelve months. This suggests a possible upside of 67.5% from the stock's current price.
View analysts price targets for AC
or view top-rated stocks among Wall Street analysts.

How have AC shares performed in 2024?

Air Canada's stock was trading at C$18.69 at the start of the year. Since then, AC stock has decreased by 3.6% and is now trading at C$18.02.
View the best growth stocks for 2024 here
.

When is Air Canada's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 10th 2024.
View our AC earnings forecast
.

Is Air Canada a good dividend stock?

Air Canada (TSE:AC) pays an annual dividend of C$0.20 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 3.38%. This payout ratio is at a healthy, sustainable level, below 75%.

What other stocks do shareholders of Air Canada own?
How do I buy shares of Air Canada?

Shares of AC stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:AC) was last updated on 2/22/2024 by MarketBeat.com Staff