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DOW   32,920.46
QQQ   290.27
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The Next Big Crisis Is Here (Ad)
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Grab Shares Are Suddenly On Track To Double
Buying The Dip In Colgate-Palmolive 
TSE:AC

Air Canada - AC Stock Forecast, Price & News

C$22.36
-0.43 (-1.89%)
(As of 01/30/2023 12:00 AM ET)
Add
Compare
Today's Range
C$22.22
C$22.72
50-Day Range
C$18.60
C$22.79
52-Week Range
C$15.57
C$25.98
Volume
3.01 million shs
Average Volume
2.27 million shs
Market Capitalization
C$8.01 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
C$27.46

Air Canada MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
22.8% Upside
C$27.46 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.09mentions of Air Canada in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
C$937,909 Sold 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.

1.66 out of 5 stars


AC stock logo

About Air Canada (TSE:AC) Stock

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.

 

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AC Stock News Headlines

Air Canada – Its Moment Has Come
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Air Canada (TSE:AC) Given New C$28.00 Price Target at Scotiabank
Could Air Canada Be a Big Winner in 2023?
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Is Air Canada Set to Take Flight in 2023?
Is Air Canada Stock a Buy in January 2023?
Why Air Canada Stock Fell 8% in 2022
Is Air Canada's Stock Ready for Takeoff in 2023?
See More Headlines
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AC Company Calendar

Today
1/30/2023
Next Earnings (Estimated)
2/17/2023

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$27.46
High Stock Price Forecast
C$40.00
Low Stock Price Forecast
C$21.00
Forecasted Upside/Downside
+22.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$14.61 billion
Cash Flow
C$27.94 per share
Book Value
C($5.39) per share

Miscellaneous

Free Float
N/A
Market Cap
C$8.01 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?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Air Canada in the last twelve months. There are currently 3 hold ratings and 8 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 2023?

11 brokers have issued 1 year price targets for Air Canada's shares. Their AC share price forecasts range from C$21.00 to C$40.00. On average, they expect the company's share price to reach C$27.46 in the next twelve months. This suggests a possible upside of 22.8% 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 2023. Since then, AC shares have increased by 15.3% and is now trading at C$22.36.
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 17th 2023.
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$22.36.

How much money does Air Canada make?

Air Canada (TSE:AC) has a market capitalization of C$8.01 billion and generates C$14.61 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 1/31/2023 by MarketBeat.com Staff