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

Home Daily Stock Opinions and Ratings Air Canada (AC-T)

TSE:AC

22.79

0.23 (1.02%) 1d

PAST TOP PICK

(A Top Pick Feb 18/22, Down 12%) He's been buying more over the last 12 months. Travel demand still strong. US peers still reporting strong numbers. AC should have another good 12 months ahead. China reopening is good, as it's #2 for inbound traffic to Canada.

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DON'T BUY

Flights have bounced back, though not business travel. Ticket prices are high, which favours all airlines. Competition may reduce prices a little later. Now into mid-April is seasonal. The chart shows a base around $16. The oil price isn't crazy, which is good. Warning: consumers are having trouble spending which debts and interest rates rising, and unemployment ticking up. Airlines aren't good stock long term because they need huge capital outlays and are volatile.

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DON'T BUY

Cyclical, volatile. She doesn't invest in the sector. Air traffic has bounced back. Fuel cost headwinds are less. But if you think we're going into a major slowdown, don't want to own airlines.

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BUY

Suffers from high-fixed costs. But more people are and will be travelling, so the view is optimistic. He prefers Air Canada among airlines. Their service levels are improving.

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TOP PICK

Cleared the 200-day MA yesterday. Looks really constructive. If you zoom in on a 1-year chart, you can see a semi-triangle pattern, and you match it with the price action. Buyers are stepping in making it a higher low each time, telling you there's demand. Breakout above resistance around $19.60 sets up next resistance around $22, 10% upside. No dividend. (Analysts’ price target is $27.20)

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BUY on WEAKNESS

Q3 was a solid beat. Margin guidance was unchanged. Consumers are flying more, so demand is good. AC is cheap at 8.9x 2024. The problem is their high debt level, but expects it to come down. Has higher to go.

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BUY

Seeing company form a base and believe strong upside coming. Good to by shares now. Will reclaim highs on the stock.

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SELL ON STRENGTH

Difficult business and industry. Capital intensive, lots of government regulation and competition. Not a lot of equity. Confusing capital structure. When the stock pops, take profit and deploy cash somewhere else.

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COMMENT

He is not a fan of airlines. The recent results were very good but it can be very volatile. It is fairly priced and he prefers to own debt. The government has a stake in it.

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WEAK BUY

Down about 39% from highs. Lower lows and lower highs. Pent-up demand for leisure travel, business travel is behind. Once that picks up, AC could benefit. Oil prices are headwinds.

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WAIT

A deep cyclical. Returning to travel trend is positive, but negative are rising rates and less spending. It will probably get hit hard. Watch and wait.

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DON'T BUY

Airlines have struggled through pandemic. Expecting recovery with post pandemic travel. Lots of pent up demand for travel. First quarter was a loss for the company. Stock is down 15% YTD. Lifting of Federal mask mandate is good for the business.

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BUY on WEAKNESS

Prospects for travel look good. Post Covid-19 will increase demand for travel. Company is good position to increase revenue. Fixed costs are a concern. Expect volatility on shares.

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WAIT

Struggling. If you own it, too late to sell, so hold on. Airport delays, higher fuel costs. Under the 200-day MA, which is trending downwards. Wait for more stability in the economy to start a position.

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COMMENT

The airlines are in a challenging position with rising fuel costs as well as the uncertainty of how much longer will pent-up travel demand continue.

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Air Canada(AC-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 18

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 8

Total Signals / Votes : 27

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, 27 stock analysts published opinions about AC-T. 18 analysts recommended to BUY the stock. 8 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?

27 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 2023-01-27, Air Canada (AC-T) stock closed at a price of $22.79.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

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Air Canada(AC-T) Rating

Air Canada(AC-T) Frequently Asked Questions

What is Air Canada stock symbol?

Is Air Canada a buy or a sell?

Is Air Canada a good investment or a top pick?

Why is Air Canada stock dropping?

Is Air Canada worth watching?

What is Air Canada stock price?

Latest Buy Signals

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Air Canada (AC-T)

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Air Canada(AC-T) Rating

Air Canada(AC-T) Frequently Asked Questions

What is Air Canada stock symbol?

Is Air Canada a buy or a sell?

Is Air Canada a good investment or a top pick?

Why is Air Canada stock dropping?

Is Air Canada worth watching?

What is Air Canada stock price?

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Eric Nuttall

Stockchase Insights

Jim Cramer - Mad Money

Paul Harris, CFA

The Panic-Proof Portfolio (Stockchase Research)