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Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
All the trading advice you’ve ever received boils down to this (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
All the trading advice you’ve ever received boils down to this (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
All the trading advice you’ve ever received boils down to this (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
All the trading advice you’ve ever received boils down to this (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
All the trading advice you’ve ever received boils down to this (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
All the trading advice you’ve ever received boils down to this (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio

Air Canada Stock Price, News & Analysis (TSE:AC)

C$17.69
-0.05 (-0.28%)
(As of 12/4/2023 ET)
Compare
Today's Range
C$17.62
C$17.99
50-Day Range
C$16.18
C$19.42
52-Week Range
C$16.04
C$26.04
Volume
2.89 million shs
Average Volume
2.25 million shs
Market Capitalization
C$6.34 billion
P/E Ratio
2.94
Dividend Yield
N/A
Price Target
C$29.63

Air Canada MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
67.5% Upside
C$29.63 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.69mentions of Air Canada in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
C$52,731 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.86 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

Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Closing Bell: Air Canada flat on Wednesday (AC)
Air Canada Boosting Capacity to Asia
FOCUS-North American airlines bet on Asia to drive profit
North American airlines bet on Asia to drive profit
Is AC Stock a Buy?
See More Headlines
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Company Calendar

Last Earnings
10/30/2023
Today
12/05/2023
Next Earnings (Estimated)
2/16/2024

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$29.63
High Stock Price Target
C$42.00
Low Stock Price Target
C$17.00
Potential Upside/Downside
+67.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
11 Analysts

Profitability

Net Income
C$2.26 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$21.34 billion
Cash Flow
C$22.10 per share
Book Value
C$1.53 per share

Miscellaneous

Free Float
N/A
Market Cap
C$6.34 billion
Optionable
Not Optionable
Beta
2.43
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Key Executives

  • Mr. Michael Stewart Rousseau (Age 65)
    CEO, President & Director
    Comp: $3.58M
  • Mr. Craig Landry
    Executive VP & Chief Operations Officer
  • Ms. Arielle Meloul-Wechsler (Age 55)
    Executive VP and Chief Human Resources & Public Affairs
    Comp: $922.5k
  • Mr. John Di Bert C.A. (Age 51)
    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 63)
    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?

11 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 10 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?

11 analysts have issued twelve-month price targets for Air Canada's stock. Their AC share price targets range from C$17.00 to C$42.00. On average, they expect the company's stock price to reach C$29.63 in the next year. 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 2023?

Air Canada's stock was trading at C$19.39 at the beginning of the year. Since then, AC stock has decreased by 8.8% and is now trading at C$17.69.
View the best growth stocks for 2023 here
.

When is Air Canada's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, February 16th 2024.
View our AC earnings forecast
.

How were Air Canada's earnings last quarter?

Air Canada (TSE:AC) issued its earnings results on Monday, October, 30th. The company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $1.98 by $1.43.

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 3.32%. 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 12/5/2023 by MarketBeat.com Staff

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