TSE:AC

Air Canada - AC Stock Forecast, Price & News

C$17.49

-0.60 (-3.32%)

(As of 09/23/2022 12:00 AM ET)

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Today's Range: C$17.39
▼
C$17.87
50-Day Range: C$16.64
▼
C$19.72
52-Week Range: C$15.57
▼
C$26.80

Volume: 3.54 million shs
Average Volume: 3.08 million shs
Market Capitalization: C$6.26 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: C$28.33

Air Canada MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 62.0% Upside
C$28.33 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.15
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
C$97,826 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.

2.35 out of 5 stars

4.3

Analyst's Opinion

Consensus Rating
Air Canada has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 9 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$28.33, Air Canada has a forecasted upside of 62.0% from its current price of C$17.49.
Amount of Analyst Coverage
Air Canada has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for AC.

0.0

Dividend Strength

Dividend Yield
Air Canada does not currently pay a dividend.
Dividend Growth
Air Canada does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AC.

1.7

News and Social Media Coverage

News Sentiment
Air Canada has a news sentiment score of 0.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.26 average news sentiment score of Industrials companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Air Canada this week, compared to 5 articles on an average week.
Search Interest
13 people have searched for AC on MarketBeat in the last 30 days. This is an increase of 44% compared to the previous 30 days.
MarketBeat Follows
Only 21 people have added Air Canada to their MarketBeat watchlist in the last 30 days. This is a decrease of -30% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Air Canada insiders have bought 113.12% more of their company's stock than they have sold. Specifically, they have bought C$97,826.00 in company stock and sold C$45,902.00 in company stock.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Air Canada is -1.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Air Canada is -1.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Air Canada has a PEG Ratio of 0.02. PEG Ratios below 1 indicate that a company could be undervalued.

See Top Rated MarketRank™ Stocks Here

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.

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AC Stock News Headlines

September 21, 2022 | americanbankingnews.com

Air Canada (TSE:AC) PT Raised to C$40.00

September 19, 2022 | baystreet.ca

Air Canada To Purchase 30 Electric Planes

September 25, 2022 | Stansberry Research (Ad)

How to profit from the coming boom in gold

Gold passed $2,000/oz. earlier this year, and is set for a new bull run. Now a renowned precious metals firm is sharing the No. 1 way to play it for less than $10.

September 16, 2022 | americanbankingnews.com

Air Canada (TSE:AC) Senior Officer Pierre Houle Sells 2,387 Shares

September 15, 2022 | theglobeandmail.com

Air Canada to buy 30 electric-hybrid airplanes, invest US$5-million in Swedish developer

September 13, 2022 | baystreet.ca

Less Than Half Of Air Canada Flights Landed On Time This Summer

September 12, 2022 | msn.com

Coalition on climate adaptation says Canada needs hard targets on disaster resilience

September 9, 2022 | msn.com

Is Air Canada Stock on the Verge of Recovery?

September 9, 2022 | baystreet.ca

Canada’s New Air Passenger Protections Come Into Force

September 8, 2022 | msn.com

Caution! Air Canada’s Stock Price Recovery Could Run Out of Steam in Q4

September 7, 2022 | msn.com

Air Canada expects flight, baggage delays to subside this year

September 7, 2022 | finance.yahoo.com

PANGEA ANNOUNCES NEW MUNCHIE MIX AND PARTNERSHIP WITH AIR CANADA

August 30, 2022 | msn.com

Air Canada Stock Could Keep Trading Weak as Challenges Mount

August 26, 2022 | msn.com

Air Canada Vs Air Canada Rouge - What's The Difference?

August 24, 2022 | msn.com

Air Canada Stock: Finally the Value Stock We’ve Been Waiting for

August 24, 2022 | msn.com

AccuWeather's 2022 Canada fall forecast

August 23, 2022 | theglobeandmail.com

Air Canada shares are worth another look now that peak travel mayhem is behind us

August 22, 2022 | nasdaq.com

Is It the Right Time to Set Your Eyes on Air Canada?

August 19, 2022 | msn.com

Air Canada Stock: I’d Still Avoid it Despite its Recent Price Rally

August 18, 2022 | nasdaq.com

CANADA STOCKS-Toronto stocks climb, boosted by oil and material sectors

August 17, 2022 | finance.yahoo.com

Air Canada Provides Update on its Operational Improvement Initiatives

August 17, 2022 | ca.finance.yahoo.com

Air Canada to operate at 79% of pre-pandemic capacity in summer

August 16, 2022 | msn.com

Book $16 flights to Canada on Flair Airlines

August 15, 2022 | finance.yahoo.com

Air Canada Announces Longlist for Canada's Best New Restaurants 2022

August 14, 2022 | msn.com

Air Canada Stock Is a Fantastic Deal Right Now

August 12, 2022 | marketwatch.com

Air Conditioning Equipment Market Research Report Analysis by Competition, Sales, Revenue, Market Size 2022 to 2028

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30 days | 90 days | 365 days | Advanced Chart

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AC Company Calendar

Last Earnings: 8/02/2022
Today: 9/25/2022
Next Earnings (Estimated): 11/01/2022

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Airlines
Sub-Industry: N/A
Sector: Industrials
Current Symbol: TSE:AC
Previous Symbol: TSE:AC.A
CUSIP: N/A
CIK: N/A
Web: www.aircanada.com
Phone: +1-514-4226644
Fax: N/A
Employees: 19,800
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$28.33
High Stock Price Forecast: C$40.00
Low Stock Price Forecast: C$20.00
Forecasted Upside/Downside: +62.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: 20.10
P/E Growth: 0.02
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 183,588.89
Current Ratio: 1.15
Quick Ratio: 1.06

Sales & Book Value

Annual Sales: C$11.39 billion
Price / Sales: 0.55
Cash Flow: C$23.09 per share
Price / Cash Flow: 0.76
Book Value: C($4.07) per share
Price / Book: -4.29

Miscellaneous

Outstanding Shares: 357,968,000
Free Float: N/A
Market Cap: C$6.26 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AC Stock - Frequently Asked Questions

Should I buy or sell Air Canada stock right now?: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Air Canada in the last year. There are currently 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued 1-year target prices for Air Canada's stock. Their AC share price forecasts range from C$20.00 to C$40.00. On average, they predict the company's stock price to reach C$28.33 in the next year. This suggests a possible upside of 62.0% 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 on January 1st, 2022. Since then, AC stock has decreased by 17.2% and is now trading at C$17.49.
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.
How were Air Canada's earnings last quarter?: Air Canada (TSE:AC) issued its earnings results on Tuesday, August, 2nd. The company reported ($1.83) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.79) by $1.04. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.86 billion.
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?: Based on aggregate information from My MarketBeat watchlists, some companies that other Air Canada investors own include Intact Financial (IFC), Constellation Software (CSU), Suncor Energy (SU), Bombardier, Inc. Class B (BBD.B), Bank of America (BAC), Bank of Nova Scotia (BNS), Toronto-Dominion Bank (TD), Enbridge (ENB), Intelsat (I) and Cenovus Energy (CVE).
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$17.49.
How much money does Air Canada make?: Air Canada (TSE:AC) has a market capitalization of C$6.26 billion and generates C$11.39 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 9/25/2022 by MarketBeat.com Staff

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Air Canada - AC Stock Forecast, Price & News

Air Canada MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Air Canada (TSE:AC) Stock

AC Stock News Headlines

AC Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

AC Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™