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

TSE:AC

16.60

0.15 (0.90%) 1d

Showing 1 to 15 of 442 entries

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.

Transportation

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.

Transportation

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.

Transportation

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.

Transportation

DON'T BUY

Doesn't like capital intensive, highly unionized businesses that depend on whims of consumer behaviour. Travel problems in Canada. Too high beta for him. Trade it if you want.

Transportation

DON'T BUY

Delta vs. Air Canada Boy, airlines have had their ups and downs. If you've been at Pearson Airport.... Airlines have pricing power, so they can charge higher given pent-up demand. But he's concerned with business travel. Airlines don't make their money off family vacations, but businesspeople paying more for their flights. A lot of these people are still Zooming and slow to jump into planes. Secondly, the higher fuel costs and possibly higher wages worry him. All airlines are complaining about finding staff.

Transportation

BUY

Revenues are growing. Last week's numbers show people are coming back to travel. Demand is surging. Airport infrastructure is the issue short-term. Terrific job in the downturn of solidifying the balance sheet. Down 75% from its peak, valuation well positioned.

Transportation

BUY

They've had to cancel flights, but it does heighten demand. Recovery keeps getting delayed. Reasonable 7.9x 2024 PE. Cheaper than US airlines. Balance sheet has blown out, but should normalize with growth. Airlines are not good wealth builders, but good trades. Buy now, take it off between $24-28 over the next 2 years.

Transportation

HOLD

If you own it now, hang on. Fuel prices have come down. Operational issues have hurt revenues. Leisure travel has picked up, so demand is there. Chart says oversold. Wait until at least $20, the next resistance level, to make a decision.

Transportation

TRADE

It has been volatile over the past two years. There are better ways to invest in the transportation sector. His preferred pick in this sector is TFI International which operates in the trucking industry and has a better return and is more stable. If you want to buy Air Canada pick a level you're comfortable with and put in a bid for a part position.

Transportation

BUY

John: He's been buying recently. Consumer discretionary stocks have been crushed. Travel will pick up again, especially domestic travel. Modified planes to take on more cargo. Solidified the balance sheet. Valuation looks impressive, down 75% from the pre-pandemic peak.

Transportation

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)

Transportation

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.

Transportation

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.

Transportation

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.

Transportation

Showing 1 to 15 of 442 entries

Air Canada(AC-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 16

Neutral - Hold Signals / Votes : 3

Bearish - Sell Signals / Votes : 6

Total Signals / Votes : 25

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, 25 stock analysts published opinions about AC-T. 16 analysts recommended to BUY the stock. 6 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?

25 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 2022-09-30, Air Canada (AC-T) stock closed at a price of $16.6.

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.