Air Canada - AC Stock Forecast, Price & News

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.

Analyst Ratings Changes

AC has been the topic of a number of research analyst reports. TD Securities upped their price target on Air Canada from C$25.00 to C$26.00 and gave the company a "buy" rating in a report on Wednesday, August 3rd. Scotiabank decreased their price objective on Air Canada from C$31.00 to C$26.00 in a research note on Tuesday, June 28th. Canaccord Genuity Group raised Air Canada to a "buy" rating and set a C$23.00 price objective on the stock in a research note on Tuesday, July 12th. Cormark decreased their price objective on Air Canada from C$25.00 to C$20.00 and set a "hold" rating on the stock in a research note on Wednesday, August 3rd. Finally, CIBC cut their target price on Air Canada from C$30.00 to C$29.00 in a research report on Thursday, July 14th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$27.50.

Air Canada Price Performance

Shares of AC Stock traded up C$0.11 during trading hours on Friday, reaching C$18.81. The company had a trading volume of 281,659 shares, compared to its average volume of 3,188,089. The company has a debt-to-equity ratio of 183,588.89, a quick ratio of 1.17 and a current ratio of 1.26. The stock has a fifty day moving average of C$17.71 and a 200-day moving average of C$21.07. The company has a market capitalization of C$6.73 billion and a price-to-earnings ratio of -2.05. Air Canada has a 12-month low of C$15.57 and a 12-month high of C$26.80.

Insider Buying and Selling

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