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

TSE:AC

23.54

0.05 (0.21%) 1d

Showing 1 to 15 of 410 entries

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Recovery pains are expected but there are higher prices and pent up demand that will be tailwinds for Air Canada. Planes are becoming full and prices are up. A decent hold with a 2 year horizon at least. Unlock Premium - Try 5i Free

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BUY

Whippy. Balance sheet problem. Variant is not helping. Time to buy a stock is when no one's paying attention. If you believe that the world will return to normal, trading at 9.9x on 2023 numbers. Not a buy and hold forever. More of a cyclical trade.

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DON'T BUY

See his comments about Bombardier. He'll watch the airline space but isn't buying any at the moment.

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PAST TOP PICK

(A Top Pick May 14/20, Up 57%) He moved on after its good run. Stay away from airlines right now, as they still have some work to do.

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BUY on WEAKNESS

If you are a trader, you could sell some. If you are an investor, then you could wait for strength and lighten up there. Would add exposure on weakness. Could see a 10% pull back if things go south for the next few months.

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BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. They missed operating revenue estimates. Cash burn was less than expected. Revenues are rising 59% and cash burn fell 42%. Probably turning a corner with this upcoming quarter with easing restrictions. Medium term outlook remains intact. Unlock Premium - Try 5i Free

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DON'T BUY

It's done well, but she doesn't buy airlines, because they're cyclical and costs lie beyond their control, namely fuel. If you've done well, then transition into a growth sector like tech. AC is in a cyclical growth sector.

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DON'T BUY

Stock has priced in a rapid recovery and demand, and he's not so sure it will be that quick. Border isn't really open with the US. Lingering spectre of quarantines. People will be travel wary for a little while. Chance of getting back to pre-pandemic profitability is not likely for 3-4 years. On federal life support, and he doesn't like investing in companies that need bailouts, plus the government will be meddling in its operations.

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DON'T BUY

There may be a huge pent up demand for air travel, but the business traveller will be slow to come back. AC-T shares are a long way from being cheap. He thinks there is a lot of balance sheet re-building to do. (Analysts’ price target is $29.00)

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DON'T BUY

He's cautious on airline stocks. Misconception that if the stock is down a lot, it's undervalued, and there's a lot of catch-up. He's positive on the reopening. But the enterprise value of the business is back to pre-pandemic highs. Issued a lot of debt and equity, resulting in an expensive valuation. Look elsewhere, perhaps to aerospace.

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BUY on WEAKNESS

There is tremendous speculation in the airline names in general. It is part of the noise factor. Will continue to see lots of it. If you think the airlines are going to normalize, buy the dips around the lows of the previous months.

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DON'T BUY

She doesn't typically buy the sector, as there are a lot of costs they can't control. Return to air travel is probably already baked in. She wouldn't recommend getting in at this price point of $28. It's more of a trading vehicle; you have to watch it. Potential fine of 25M is not impacting the stock price.

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BUY

It is still 40% off its pre-COVID high. They now have good bookings and load factors. Flights will continue to be added to the market. Business travel is a bit more of a question mark. She thinks it will catch on again. They may still be able to cut costs and get profitability back to pre-COVID levels before traffic has fully returned.

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RISKY BUY

Airlines have a ton of debt and are widely cyclical. Not a long-term hold. A trade.

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WATCH

Now expect peak debt to be in Q4. Higher fuel is also weighing on their margins. Do not expect an EBIDTA recovery until 2024. Not profitable for a while. Very speculative. A balance sheet issue. Very cyclical. May be too much optimism at these levels. A trading stock.

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Showing 1 to 15 of 410 entries

Air Canada(AC-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 20

Neutral - Hold Signals / Votes : 4

Bearish - Sell Signals / Votes : 20

Total Signals / Votes : 44

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, 44 stock analysts published opinions about AC-T. 20 analysts recommended to BUY the stock. 20 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?

44 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 2021-09-24, Air Canada (AC-T) stock closed at a price of $23.54.

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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.