TSX:ACAirlines
Is Air Canada (TSX:AC) Reasonable Or Starting To Look Stretched?
Air Canada stock has climbed sharply over the past year, yet current valuation checks suggest the shares now look roughly in line with the market rather than clearly cheap or clearly expensive. For anyone tracking the recent rally and the airline's expansion plans, the question is whether the recent price already builds in most of the good news.
Over the past 12 months, Air Canada has delivered a 48.8% return, which puts recent buyers in a strong position but also raises the bar for future...