Air Canada (AC:CA)
Morningstar (Analyst Rank #49), a investment research firm, has given Air Canada a “Hold” rating, with a 12 month target forecast of $17.20. This suggests that, according to Morningstar’s analysis, investors should neither buy nor sell the stock at this time. A “Hold” recommendation generally means that the stock’s current price is considered fair value, and there is no strong indication to take any immediate action.
Stock Forecast from Analysts:
Analysts’ Target Price: The average target price for Air Canada, based on a survey of 15 analysts, is CAD 25.31 for the next 12 months. This target implies a potential upside of about 39.1% from the current stock price of CAD 18.19 (as of the last closing). It suggests that analysts believe the stock could grow significantly in the next year, despite its current underperformance.
Analysts’ Rating: The stock holds an average rating of “Strong Buy” among analysts. This rating reflects a consensus that, overall, the stock is seen positively, indicating that analysts generally expect the stock to appreciate over time.
Stock Target Advisor’s Analysis:
According to Stock Target Advisor-AI, Air Canada’s stock is rated “Slightly Bullish”, which is derived from a mix of both positive and negative signals. The analysis is based on 10 positive signals (such as factors that could drive the stock higher) and 6 negative signals (such as potential risks or weaknesses). The Slightly Bullish outlook indicates that while there are some concerns, the overall outlook is more favorable than negative.
Recent Stock Performance:
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- Over the past week, Air Canada’s stock price has dropped by -9.82%.
- Over the past month, the decline is more significant at -18.54%.
- Over the last year, the stock has fallen by -1.03%. This shows a relatively flat long-term trend but still reflects a decline in value over the most recent period, indicating some short-term struggles for the airline.
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In summary, while analysts generally have a positive outlook for Air Canada with the “Strong Buy” recommendation and target price suggesting upside potential, the stock has experienced recent declines. The Slightly Bullish signal from Stock Target Advisor further suggests a cautious optimism, with a mix of positive factors being somewhat tempered by negative ones. The recent drops in stock price indicate that there may be some short-term challenges, but the longer-term outlook seems more positive based on the target price and ratings.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
