Air Canada

AC-T

TSE:AC

17.13
0.18 (1.06%)
Air Canada is the flag carrier and largest airline of Canada. The airline, founded in 1937, provides scheduled and charter air transport for passengers and cargo to 182 destinations worldwide.
More at Wikipedia

Analysis and Opinions about AC-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
June 29, 2020
He has never liked capital intensive, highly unionized industries with very complex financial arrangements that have such a massive swing with consumer take up of either travelling or a function of fuel prices.
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Air Canada (AC-T)
June 29, 2020
He has never liked capital intensive, highly unionized industries with very complex financial arrangements that have such a massive swing with consumer take up of either travelling or a function of fuel prices.
HOLD
HOLD
June 22, 2020
Look at it over a three year time horizon. Management believes they will be back to normal business by 2023. It could double in three years. It would be a fantastic return for a new money investment. It will probably appreciate in two phases. First investors have to be comfortable with their balance sheet. Second phase is people are more convinced that air travel is on its way to a full recovery. Their balance sheet is great.
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Air Canada (AC-T)
June 22, 2020
Look at it over a three year time horizon. Management believes they will be back to normal business by 2023. It could double in three years. It would be a fantastic return for a new money investment. It will probably appreciate in two phases. First investors have to be comfortable with their balance sheet. Second phase is people are more convinced that air travel is on its way to a full recovery. Their balance sheet is great.
DON'T BUY
DON'T BUY
June 15, 2020
All of the expert's clients want to take a trip, but won't do so until either the virus goes away or there is a vaccine. Flying is going to be tough for a while. AC-T will come out of this leaner. It is too soon to make an investment on the airlines here.
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Air Canada (AC-T)
June 15, 2020
All of the expert's clients want to take a trip, but won't do so until either the virus goes away or there is a vaccine. Flying is going to be tough for a while. AC-T will come out of this leaner. It is too soon to make an investment on the airlines here.
DON'T BUY
DON'T BUY
June 11, 2020
The airline industry is where barriers to entry were low to zero and capital always seemed to be high and barriers to exit were always high. It was a good area of the market for about 10 years. This is no longer the case. It will not come back quickly. It is not a great investment, even if there have been trades recently.
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Air Canada (AC-T)
June 11, 2020
The airline industry is where barriers to entry were low to zero and capital always seemed to be high and barriers to exit were always high. It was a good area of the market for about 10 years. This is no longer the case. It will not come back quickly. It is not a great investment, even if there have been trades recently.
TOP PICK
TOP PICK
June 9, 2020
He likes travel and leisure during this recovery. AC is bouncing back, and he just picked up shares. Covid cases are declining and he sees good progress in producing a vaccine. AC reports more air travel now, and expects a pick-up in domestic travel, because Canadians can't or won't travel abroad, and business travel will rise in the fall. AC has a strong balance sheet and have $10 billion in liquidity to cushion them against a second wave. This is a recovery story. (Analysts’ price target is $25.57)
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Air Canada (AC-T)
June 9, 2020
He likes travel and leisure during this recovery. AC is bouncing back, and he just picked up shares. Covid cases are declining and he sees good progress in producing a vaccine. AC reports more air travel now, and expects a pick-up in domestic travel, because Canadians can't or won't travel abroad, and business travel will rise in the fall. AC has a strong balance sheet and have $10 billion in liquidity to cushion them against a second wave. This is a recovery story. (Analysts’ price target is $25.57)
DON'T BUY
DON'T BUY
June 8, 2020
Airlines are trades and never long term investments because mostly airlines tend to be their own worst enemy as they buy more planes and add more capacity as we get to the top of a cycle. He thinks it will take a long time for people to want to fly the way they did before. They are burning huge amounts of cash now. He would not buy one.
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Air Canada (AC-T)
June 8, 2020
Airlines are trades and never long term investments because mostly airlines tend to be their own worst enemy as they buy more planes and add more capacity as we get to the top of a cycle. He thinks it will take a long time for people to want to fly the way they did before. They are burning huge amounts of cash now. He would not buy one.
SPECULATIVE BUY
SPECULATIVE BUY
May 22, 2020
He bought AC in late-March. He thinks that was a mistake as he got his head handed to him. If you are in the camp that things will get better for travel in general (including hotels, ride-sharing, airlines, etc.) this will be a great investment. He would not go in guns a blazing -- take a small position and average in. All bets are off if the cases of COVID continue unabated.
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Air Canada (AC-T)
May 22, 2020
He bought AC in late-March. He thinks that was a mistake as he got his head handed to him. If you are in the camp that things will get better for travel in general (including hotels, ride-sharing, airlines, etc.) this will be a great investment. He would not go in guns a blazing -- take a small position and average in. All bets are off if the cases of COVID continue unabated.
PAST TOP PICK
PAST TOP PICK
May 14, 2020
(A Top Pick Jun 27/19, Down 66%) He sold Jan. 23 at a profit. It had rolled over. It is a wonderful airline among the airlines. If he were going to participate, he would buy their bonds, but it will take some time for the airlines to come back so it is not the place to put new money.
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Air Canada (AC-T)
May 14, 2020
(A Top Pick Jun 27/19, Down 66%) He sold Jan. 23 at a profit. It had rolled over. It is a wonderful airline among the airlines. If he were going to participate, he would buy their bonds, but it will take some time for the airlines to come back so it is not the place to put new money.
DON'T BUY
DON'T BUY
May 4, 2020
Market. Over the prior few years it was one of the best performing stocks on the TSX. He has dumped the airlines due to the pandemic and will never buy an airline stock again. Their management has done a terrific job and airlines have been strong in terms of load factors. The world has changed dramatically. He is concerned how it will do over the next years and their balance sheet is destroyed. It is hard to rationalize how airlines come out of this.
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Air Canada (AC-T)
May 4, 2020
Market. Over the prior few years it was one of the best performing stocks on the TSX. He has dumped the airlines due to the pandemic and will never buy an airline stock again. Their management has done a terrific job and airlines have been strong in terms of load factors. The world has changed dramatically. He is concerned how it will do over the next years and their balance sheet is destroyed. It is hard to rationalize how airlines come out of this.
WAIT
WAIT
April 29, 2020
He would wait on this one. A v-shaped recovery would be good for AC. However, if the recovery drags out, travel will be slow to recover. AC needs a high utilization rate to be profitable. High fixed costs are a key to their headwinds.
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Air Canada (AC-T)
April 29, 2020
He would wait on this one. A v-shaped recovery would be good for AC. However, if the recovery drags out, travel will be slow to recover. AC needs a high utilization rate to be profitable. High fixed costs are a key to their headwinds.
WAIT
WAIT
April 22, 2020
He has owned it in the past, when it was coming through the restructuring about a year and a half ago. They bought back into it in mid-March, but got stopped out due to the volatility. It is a great company and had a good balance sheet. This is an example of what can happen to companies with high fixed costs. Capacity has fallen 80-90%, but most of the fixed costs still exist. The government will have to make sure we don't lose this nation wide airline. But how long will it be for you to be comfortable flying inter-continental?
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Air Canada (AC-T)
April 22, 2020
He has owned it in the past, when it was coming through the restructuring about a year and a half ago. They bought back into it in mid-March, but got stopped out due to the volatility. It is a great company and had a good balance sheet. This is an example of what can happen to companies with high fixed costs. Capacity has fallen 80-90%, but most of the fixed costs still exist. The government will have to make sure we don't lose this nation wide airline. But how long will it be for you to be comfortable flying inter-continental?
DON'T BUY
DON'T BUY
April 16, 2020
This is not one you want to cherry pick. He does not think the government will give anything to the airlines without taking something in exchange, like warrants. Equity shareholders could get diluted down. He would not try to make a quick buck out of it. He thinks travel will be one of the slowest businesses to come out of this crisis.
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Air Canada (AC-T)
April 16, 2020
This is not one you want to cherry pick. He does not think the government will give anything to the airlines without taking something in exchange, like warrants. Equity shareholders could get diluted down. He would not try to make a quick buck out of it. He thinks travel will be one of the slowest businesses to come out of this crisis.
WATCH
WATCH
April 13, 2020
The near term is going to be quite difficult. It has been an incredible story until now when the industry has a terrible story. It will take some time for the industry to recover. He has a small position. There are a couple of tough quarters ahead. It is an absolute buy in the low teens.
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Air Canada (AC-T)
April 13, 2020
The near term is going to be quite difficult. It has been an incredible story until now when the industry has a terrible story. It will take some time for the industry to recover. He has a small position. There are a couple of tough quarters ahead. It is an absolute buy in the low teens.
DON'T BUY
DON'T BUY
April 9, 2020
This is not a good entry point. They are going to incur massive losses and likely will need a federal bailout. We don’t know what the terms of the bailout will be.
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Air Canada (AC-T)
April 9, 2020
This is not a good entry point. They are going to incur massive losses and likely will need a federal bailout. We don’t know what the terms of the bailout will be.
DON'T BUY
DON'T BUY
April 2, 2020
The US airline industry has been one of the worst behaviorists in terms of borrowing money and buying back shares. AC-T did that as well. In the US a lot of their dividends can't be paid for years and years but he does not know if that applies to AC-T. He thinks there may be legislation in terms of the airline industry being a kind of utility. Also with the online age there may be less need in the future for air travel at all.
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Air Canada (AC-T)
April 2, 2020
The US airline industry has been one of the worst behaviorists in terms of borrowing money and buying back shares. AC-T did that as well. In the US a lot of their dividends can't be paid for years and years but he does not know if that applies to AC-T. He thinks there may be legislation in terms of the airline industry being a kind of utility. Also with the online age there may be less need in the future for air travel at all.
Showing 1 to 15 of 359 entries

Air Canada(AC-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 17

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 15

Total Signals / Votes : 33

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, 33 stock analysts published opinions about AC-T. 17 analysts recommended to BUY the stock. 15 analysts recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. 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 Michael Sprung on 2020-06-29. 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?

33 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 2020-07-02, Air Canada (AC-T) stock closed at a price of $17.13.