Airlines are highly volatile and AC stock has fallen off a cliff. But over five years, this has done very well. The problem with airline stocks is that they can go wrong in so many ways (cost of jet fuel, demand fluctuates). Take a loss. It'll take a while for negative sentiment to go away.
Airlines are highly volatile and AC stock has fallen off a cliff. But over five years, this has done very well. The problem with airline stocks is that they can go wrong in so many ways (cost of jet fuel, demand fluctuates). Take a loss. It'll take a while for negative sentiment to go away.
They're caught in a perfect storm of coronavirus and the Boeing Max 737, both of which are temporary problems. AC quarterly results today were merely okay. Q1 guidance is impacted by the virus, though less than he expected. But Aeroplan and the Air Transat deal are tailwinds. AC is still a cheap name. He owns a lot of this.
They're caught in a perfect storm of coronavirus and the Boeing Max 737, both of which are temporary problems. AC quarterly results today were merely okay. Q1 guidance is impacted by the virus, though less than he expected. But Aeroplan and the Air Transat deal are tailwinds. AC is still a cheap name. He owns a lot of this.
One of his best stocks last year. Cheap, trades at only 10x earnings. Airlines have seen consolidation which has benefited all companies, making them more efficient. AC offers good growth and has signed a labour agreement that reduces cost structure. Fuel costs are stable, another plus. AC has nearly $3 billion in excess cash to grow their business or buyback shares. AC carries little debt. Also, AC has execution risk buying Westjet. Overall, AC is well-run. Airlines now remind him of when the rails were consolidating after many bad years then became more efficient and profitable.
One of his best stocks last year. Cheap, trades at only 10x earnings. Airlines have seen consolidation which has benefited all companies, making them more efficient. AC offers good growth and has signed a labour agreement that reduces cost structure. Fuel costs are stable, another plus. AC has nearly $3 billion in excess cash to grow their business or buyback shares. AC carries little debt. Also, AC has execution risk buying Westjet. Overall, AC is well-run. Airlines now remind him of when the rails were consolidating after many bad years then became more efficient and profitable.
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 20
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 11
Total Signals / Votes : 33
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
In the last year, 33 stock analysts published opinions about AC-T. 20 analysts recommended to BUY the stock. 11 analysts recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Air Canada.
Air Canada was recommended as a Top Pick by Larry Berman CFA, CMT, CTA on 2020-04-02. Read the latest stock experts ratings for Air Canada.
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.
33 stock analysts on Stockchase covered Air Canada In the last year. It is a trending stock that is worth watching.
On 2020-04-03, Air Canada (AC-T) stock closed at a price of $14.55.
