Is Air Canada a good airline stock to buy?

However, Air Canada is one of the best airline stocks to buy, something that is supported by financial analysts’ forecasts, predicting that the price of ACDVF could go up to 36.45 in the next 12 months. You may be interested: Why do Stocks go Up and Down? 2. Cargojet Inc.

What is the value of Air Canada stock?

Nearly every airline stock has been slammed, and Air Canada is no exception. Today, the stock trades at $16 at writing. Many investors believe the current valuation is an outright bargain. Even if shares were to double in value, they’d still be 40% below their former highs. Air Canada stock fell 70% in a matter of months.

What happened to Air Canada's stock?

Air Canada announced it would cancel more than 15 per cent of its scheduled capacity for July and August. (Steve Russell/Toronto Star via Getty Images) Air Canada's stock ( AC.TO) fell as much as nearly 9 per cent in early trading on Thursday, after the company said it would cut more than 15 per cent of its scheduled flights in July and August.