Buy, Sell or Hold: Air Canada (AC-T) — Stock Predictions at Stockchase

TSE:AC

17.42

0.57 (3.38%) 1d

Showing 1 to 15 of 431 entries

TOP PICK

Its revenue in 2020 was down over 90% and is down now only 9%. It is oversold and back at the 2020 price but doing much better than 2020. It is also de-leveraging. There is tight capacity as well as pent-up demand for the airline industry. Buy 12, Hold 5, Sell 0. (Analysts’ price target is $29.13)

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RISKY BUY

Assuming a good bounce in travel which has already started, the airlines are in a strong position operationally. Shareholder equity was wiped out during Covid but a return to positive earnings will help rebuild that base. Air Canada is sitting on a lot of cash but the headwind for this quarter is the price of fuel. Many people have booked in the winter and spring so the increased costs cannot be passed along yet. Although the amount of travel in the Pacific is still weak there should be profitability soon.. Not cheap in Price per Book but good on a P/E bounce back. It is on the positive side of speculative.

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BUY

A big recovery in travel is already happening. AC enjoys a duopoly with Westjet and will manage well against the discount airlines. When cross-border travel returns in the next few years, AC will do very well. Airlines were loved by investors before Covid and he expects that to return.

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PARTIAL BUY

You can pick away at the airlines, but there are cost pressures like labour and fuel. The demand for summer travel will offset that with consumer spending their excess cash on experiences. Buy a bit now then maybe add more in June or July.

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BUY on WEAKNESS

Likes, but sold on strength. In 18-24 months, airlines should do well because of pent-up demand for travel. Over time, will recover some of the $50 pre-pandemic price, but may not get back to that level. Geopolitical and recession concerns, but they're overstated. Prefers $20 level, but RSI is only 43 right now. If you bought now, held for 24 months, you should still do well.

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TOP PICK

It was at $50 before Covid, then they did a lot of refinancing during Covid, but AC are in a strong position as we reopen. Demand to travel is strong. Will rise into the $30s, then gradually grow. (Analysts’ price target is $29.75)

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BUY

He may add more. He likes it short- and long-term. Well-positioned for the reopening and are tilting towards freight too, which is good.

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PAST TOP PICK

(A Top Pick Mar 02/21, Down 26%) When he recommended it, he expected the summer 2021 to open up for vacations. This year, there's the Russian invasion scaring some travellers. He hopes the war will settle down. He targets $45 for AC. Surging oil prices are also impacting airlines. At these low prices, he would buy then later sell at higher prices.

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SELL

Safe recovery stock? Stock got stuck around $25-26, so he sold at technical resistance, taking profits. With travel picking up, this will make sense. Looking out 2-5 years, stock should perform well.

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WEAK BUY

Looking at it. Reopening opportunity 3.0. Cut capacity, so prices have gone up considerably, and this should continue for a while. Stock provides a trading opportunity. Good move off the bottom.

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TOP PICK

Latest financial results better than expected. Virus concerns are starting to reduce. Company is well positioned for resurgence of travel. Revenue growth will be strong. De-levering the balance sheet at a healthy rate.

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DON'T BUY

Not sure why it's up 5% today. She doesn't own the airline sector, because it's very cyclical. Many airlines file for bankruptcy sometime in their lives. There are a lot of fixed costs beyond airlines' control. They have little pricing power in plane tickets. Airlines are a trade at best.

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PAST TOP PICK

(A Top Pick Feb 01/21, Up 14%) Balance sheet was well fortified during the pandemic. It is well positioned with good cost structure and growth potential.

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BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company has a stronger balance sheet, better valuation and sales growth estimates than peers and other aviation companies. There is still risk associated with AC but it is a well-known brand with support from the federal government. Unlock Premium - Try 5i Free

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PARTIAL BUY

Did quite well 2 months ago with first cap positive quarter. However Omricon has caused sector to sell off. Hard to know now for sector. He owns some and feels you could buy in small quantities.

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Showing 1 to 15 of 431 entries

Air Canada(AC-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 19

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 9

Total Signals / Votes : 30

Stockchase rating for Air Canada is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Air Canada(AC-T) Frequently Asked Questions

What is Air Canada stock symbol?

Air Canada is a Canadian stock, trading under the symbol AC-T on the Toronto Stock Exchange (AC-CT). It is usually referred to as TSX:AC or AC-T

Is Air Canada a buy or a sell?

In the last year, 30 stock analysts published opinions about AC-T. 19 analysts recommended to BUY the stock. 9 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Air Canada.

Is Air Canada a good investment or a top pick?

Air Canada was recommended as a Top Pick by on . Read the latest stock experts ratings for Air Canada.

Why is Air Canada stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Air Canada worth watching?

30 stock analysts on Stockchase covered Air Canada In the last year. It is a trending stock that is worth watching.

What is Air Canada stock price?

On 2022-06-24, Air Canada (AC-T) stock closed at a price of $17.42.

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