Analyst Ratings Coverage:
CIBC World Markets (Rank#10) issued a research report on Monday October 30th, and maintained the “Outperform” rating on the stock, and kept the 12 month target price of $30 intact.
AC:TSX Stock Analysis
Based on the analysis from 13 different analysts, Air Canada is anticipated to see a moderate increase in its stock price over the next 12 months, with the average target price set at CAD 29.18. This suggests that the analysts generally have a positive outlook on the company’s future performance.
The average analyst rating for Air Canada is “Buy,” indicating a consensus among analysts that investors should consider purchasing the company’s stock. This rating is derived from the assessments and recommendations made by these financial experts, and it implies a certain level of confidence in Air Canada’s ability to deliver strong results.
Stock Target Advisor’s own stock analysis offers a somewhat more cautious perspective. They have assigned Air Canada a “Neutral” rating, which suggests a more balanced view of the stock’s potential. This neutral rating is based on a careful evaluation of the company’s current situation and prospects, weighing five positive signals against five negative signals. While it may not be as optimistic as the “Buy” rating from the analysts, it also doesn’t necessarily imply that Air Canada is a poor investment.
At the last closing, Air Canada’s stock was trading at CAD 16.72. Over the past week, there has been a slight decrease of -0.36% in the stock’s price, which suggests some short-term volatility. Over the past month, the stock has experienced a more significant decline of -13.73%, possibly due to various market factors and economic conditions. Looking back over the last year, the stock has seen a decrease of -16.02%, indicating a challenging year for the company’s shareholders, possibly influenced by broader industry or economic trends. These past performance metrics provide additional context for investors to consider when making decisions about their Air Canada investments.
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