Air Canada Stock Today
| AC Stock | CAD 20.00 0.10 0.50% |
Performance6 of 100
| Odds Of DistressLess than 1
|
Air Canada is selling at 20.00 as of the 23rd of April 2024; that is 0.50 percent up since the beginning of the trading day. The stock's open price was 19.9. Air Canada has a very small chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Air Canada are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Transportation | Category Industrials |
Air Canada provides domestic, U.S. transborder, and international airline services. Air Canada was founded in 1937 and is headquartered in Saint-Laurent, Canada. AIR CANADA operates under Airlines classification in Canada and is traded on Toronto Stock Exchange. The company has 358.47 M outstanding shares of which 12.14 M shares are presently shorted by private and institutional investors with about 5.81 days to cover all short positions. More on Air Canada
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Moving against Air Stock
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Follow Valuation Profit Patterns Odds of Bankruptcy
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Air Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Air Canada's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Air Canada or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Calin Rovinescu | ||||
| Thematic Idea | Air (View all Themes) | ||||
| Business Concentration | Passenger Airlines, Transportation, Industrials, Air, Industrials, Passenger Airlines, Airlines, Industrials (View all Sectors) | ||||
Air Canada's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Air Canada's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Air Canada's financial leverage. It provides some insight into what part of Air Canada's total assets is financed by creditors.
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Air Canada (AC) is traded on Toronto Exchange in Canada and employs 35,700 people. Air Canada is listed under Passenger Airlines category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 7.13 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Air Canada's market, we take the total number of its shares issued and multiply it by Air Canada's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Air Canada classifies itself under Passenger Airlines sector and is part of Industrials industry. The entity has 358.47 M outstanding shares of which 12.14 M shares are presently shorted by private and institutional investors with about 5.81 days to cover all short positions.
Air Canada has accumulated about 2.69 B in cash with 3.98 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 24.27, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Air Canada Probability Of Bankruptcy
Ownership AllocationAir Canada retains a total of 358.47 Million outstanding shares. Almost 86.0 percent of Air Canada outstanding shares are held by general public with 0.16 (percent) owned by insiders and only 13.46 % by other corporate entities. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Air Ownership Details
Air Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Air Canada jumping above the current price in 90 days from now is about 1.68%. The Air Canada probability density function shows the probability of Air Canada stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Air Canada has a beta of 0.9015. This suggests Air Canada market returns are highly reactive to returns on the market. As the market goes up or down, Air Canada is expected to follow. Additionally, air Canada has an alpha of 0.0562, implying that it can generate a 0.0562 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Air Canada to move above the current price in 90 days from now is about 1.68 (This Air Canada probability density function shows the probability of Air Stock to fall within a particular range of prices over 90 days) .
Air Canada Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Air Canada market risk premium is the additional return an investor will receive from holding Air Canada long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Air Canada. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Air Canada's alpha and beta are two of the key measurements used to evaluate Air Canada's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.17 | |||
| Semi Deviation | 1.6 | |||
| Standard Deviation | 1.67 | |||
| Variance | 2.8 |
Air Stock Against Markets
Picking the right benchmark for Air Canada stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Air Canada stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Air Canada is critical whether you are bullish or bearish towards Air Canada at a given time. Please also check how Air Canada's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Air Canada without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Air Canada Corporate Directors
Air Canada corporate directors refer to members of an Air Canada board of directors. The board of directors generally takes responsibility for the Air Canada's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Air Canada's board members must vote for the resolution. The Air Canada board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Kathleen Murphy | Director, Investor Relations and Corporate Reporting | Profile | |
| Annette Verschuren | Independent Director | Profile | |
| Joseph Leonard | Independent Director | Profile | |
| Michael Green | Independent Director | Profile |
How to buy Air Stock?
Before investing in Air Canada, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Air Canada. To buy Air Canada stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Air Canada. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Air Canada stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Air Canada stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Air Canada stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Air Canada, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Air Canada?
The danger of trading Air Canada is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Air Canada is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Air Canada. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Air Canada is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Canada. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Air Stock analysis
When running Air Canada's price analysis, check to measure Air Canada's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Air Canada is operating at the current time. Most of Air Canada's value examination focuses on studying past and present price action to predict the probability of Air Canada's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air Canada's price. Additionally, you may evaluate how the addition of Air Canada to your portfolios can decrease your overall portfolio volatility.
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