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TSE:AC

Air Canada - AC Stock Forecast, Price & News

C$18.70
+0.09 (+0.48%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
C$18.68
C$19.08
50-Day Range
C$15.95
C$21.77
52-Week Range
C$15.57
C$26.80
Volume
3.06 million shs
Average Volume
3.21 million shs
Market Capitalization
C$6.69 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
C$27.60

Air Canada MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
47.6% Upside
C$27.60 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.03mentions of Air Canada in the last 14 days
Based on 16 Articles This Week
Insider Trading
Acquiring Shares
C$88,116 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.

2.34 out of 5 stars

AC stock logo

About Air Canada (TSE:AC) Stock

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers. As of December 31, 2021, the company operated a fleet of 175 aircraft under the Air Canada mainline brand name comprising 97 Boeing and Airbus narrow-body aircraft, and 78 Boeing and Airbus wide-body aircraft; 123 aircraft under the Air Canada Express brand name, including 50 Mitsubishi regional jets, 48 De Havilland Dash-8 turboprop aircraft and 25 Embraer 175 aircraft; and 39 aircraft under the Air Canada Rouge brand name consisting of 14 Airbus A321 aircraft, 5 Airbus A320 aircraft, and 20 Airbus A319 aircraft. It also provides air cargo services in domestic and U.S. transborder routes, as well as on international routes between Canada and markets in Europe, Asia, South America, and Australia. In addition, the company operates, develops, markets, and distributes vacation travel packages in the Caribbean, Mexico, the United States, Europe, Central and South America, South Pacific, Australia, and Asia; offers cruise packages in North America, Europe, and the Caribbean; and provides travel loyalty programs. Air Canada was founded in 1937 and is headquartered in Saint-Laurent, Canada.

Air Canada Stock Performance

Shares of TSE:AC traded up C$0.16 during mid-day trading on Thursday, hitting C$18.77. 1,817,288 shares of the company were exchanged, compared to its average volume of 3,197,347. The stock has a 50 day simple moving average of C$17.77 and a 200-day simple moving average of C$21.10. Air Canada has a 1-year low of C$15.57 and a 1-year high of C$26.80. The company has a quick ratio of 1.17, a current ratio of 1.26 and a debt-to-equity ratio of 183,588.89. The firm has a market cap of C$6.72 billion and a price-to-earnings ratio of -2.03.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. TD Securities upped their price target on Air Canada from C$25.00 to C$26.00 and gave the stock a "buy" rating in a report on Wednesday, August 3rd. Canaccord Genuity Group raised shares of Air Canada to a "buy" rating and set a C$23.00 target price on the stock in a report on Tuesday, July 12th. National Bankshares lowered their price target on shares of Air Canada from C$31.00 to C$30.00 and set an "outperform" rating for the company in a report on Thursday, July 7th. ATB Capital raised their price objective on shares of Air Canada from C$30.00 to C$32.00 and gave the company a "buy" rating in a report on Wednesday, August 3rd. Finally, Citigroup lifted their price objective on shares of Air Canada from C$19.00 to C$20.00 in a research report on Monday. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$27.50.

Insider Buying and Selling

In other Air Canada news, Senior Officer Amos Kazzaz purchased 4,126 shares of Air Canada stock in a transaction dated Friday, June 3rd. The stock was acquired at an average cost of C$21.36 per share, with a total value of C$88,115.68. Following the acquisition, the insider now directly owns 17,043 shares of the company's stock, valued at C$363,973.72. In other Air Canada news, Senior Officer Murray Douglas Strom sold 3,755 shares of the stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of C$21.33, for a total value of C$80,094.15. Following the completion of the transaction, the insider now directly owns 2,740 shares of the company's stock, valued at C$58,444.20. Also, Senior Officer Amos Kazzaz purchased 4,126 shares of the firm's stock in a transaction dated Friday, June 3rd. The shares were purchased at an average cost of C$21.36 per share, for a total transaction of C$88,115.68. Following the purchase, the insider now directly owns 17,043 shares in the company, valued at C$363,973.72.

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AC Stock News Headlines

27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Cormark Trims Air Canada (TSE:AC) Target Price to C$20.00
Air Canada stock advanced on Tuesday.
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Air Canada raises annual cost forecast, misses earnings
Air Canada stock advanced on Friday.
Air Canada Stock Tumbles: Buy These 2 Stocks Instead
See More Headlines
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AC Company Calendar

Today
8/12/2022
Next Earnings (Estimated)
11/01/2022

Industry, Sector and Symbol

Industry
Airlines
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
19,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$27.60
High Stock Price Forecast
C$35.00
Low Stock Price Forecast
C$20.00
Forecasted Upside/Downside
+47.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
15 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$8.24 billion
Cash Flow
C$25.98 per share
Book Value
C($3.24) per share

Miscellaneous

Free Float
N/A
Market Cap
C$6.69 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Michael Stewart Rousseau (Age 64)
    CEO, Pres & Director
    Comp: $500k
  • Mr. Amos S. Kazzaz (Age 66)
    Exec. VP & CFO
    Comp: $462.5k
  • Mr. Craig Landry
    Exec. VP & Chief Operations Officer
  • Ms. Arielle Meloul-Wechsler (Age 54)
    Exec. VP and Chief HR & Public Affairs
    Comp: $450k
  • Ms. Lucie Guillemette
    Exec. VP & Chief Commercial Officer
  • Mr. Melvin Crocker
    Chief Information Officer
  • Valerie Durand
    Head of Investor Relations & Corp. Sustainability
  • Mr. Marc B. Barbeau
    Exec. VP & Chief Legal Officer
  • Mr. Mark Youssef Nasr
    Sr. VP of Products, Marketing & eCommerce
  • Mr. John Alec MacLeod (Age 62)
    VP of Global Sales & Alliances













AC Stock - Frequently Asked Questions

Should I buy or sell Air Canada stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Air Canada in the last twelve months. There are currently 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AC shares.
View AC analyst ratings
or view top-rated stocks.

What is Air Canada's stock price forecast for 2022?

15 equities research analysts have issued 12 month price objectives for Air Canada's stock. Their AC share price forecasts range from C$20.00 to C$35.00. On average, they anticipate the company's stock price to reach C$27.60 in the next year. This suggests a possible upside of 47.6% 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 2022?

Air Canada's stock was trading at C$21.13 at the start of the year. Since then, AC stock has decreased by 11.5% and is now trading at C$18.70.
View the best growth stocks for 2022 here
.

When is Air Canada's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
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%.

What other stocks do shareholders of Air Canada own?

What is Air Canada's stock symbol?

Air Canada trades on the Toronto Stock Exchange (TSX) under the ticker symbol "AC."

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.

What is Air Canada's stock price today?

One share of AC stock can currently be purchased for approximately C$18.70.

How much money does Air Canada make?

Air Canada (TSE:AC) has a market capitalization of C$6.69 billion and generates C$8.24 billion in revenue each year.

How many employees does Air Canada have?

The company employs 19,800 workers across the globe.

How can I contact Air Canada?

Air Canada's mailing address is Air Canada Centre 7373 Cote-Vertu Blvd. West, SAINT-LAURENT, QC H4S 1Z3, Canada. The official website for the company is www.aircanada.com. The company can be reached via phone at +1-514-4226644.

This page (TSE:AC) was last updated on 8/12/2022 by MarketBeat.com Staff

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