Report
Chris Higgins
EUR 101.80 For Business Accounts Only

Air Canada Finishes 2017 on Strong Note

Air Canada posted fourth-quarter and full-year results that beat consensus expectations and provided 2018 guidance that broadly mirrored the initial outlook management gave at its investor day in September 2017. We think the carrier’s transformation is nearly complete, with the company now transitioning to growth and a new set of challenges other than cost-cutting. On the basis of our discounted cash flow valuation, we think shares are a touch overvalued, trading at a price/fair value estimate o...
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Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Chris Higgins

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