Air Canada (AC:CA) (ACDVF) Analysts cut Target Forecasts on Stock

Analyst Ratings Coverage

Summary of the analyst ratings for Air Canada (AC:CA) on the TSX.

  • RBC lowered their target price from CAD 17 to maintain a “Hold” rating on 10/31/2023.
  • Cormark Securities also decreased their target price, adjusting it to CAD 27.5 on 10/31/2023.
  • Veritas Investment Research maintains a “Buy” rating on the stock, but they did not specify a target price (N/A) on 10/31/2023.
  • STA Research adjusted their target price to CAD 20 while maintaining a “Speculative Buy” rating on 10/31/2023.
  • Scotia Capital lowered their target price to CAD 29 while maintaining an “Outperform” rating on 10/31/2023.
  • ATB Capital Markets reduced their target price to CAD 33 on 10/31/2023.

AC:CA Ratings by Stock Target Advisor

AC:TSX Stock Analysis

The analysis of Air Canada’s stock, based on data from 13 different analysts, provides valuable insights into the company’s financial outlook:

  1. Average Analyst Target Price: The average target price projected by these analysts for Air Canada over the next 12 months is CAD 28.48. This target price reflects the anticipated value of the stock over the specified time frame based on their research and analysis.
  2. Average Analyst Rating: Air Canada’s average analyst rating is “Buy.” This suggests that, on average, analysts are optimistic about the stock and believe it has the potential to perform well in the future.
  3. Stock Target Advisor Analysis: Stock Target Advisor, an independent analysis tool, has its own evaluation of Air Canada’s stock, which it rates as “Neutral.” This rating is based on a balance of both positive and negative signals related to the stock.
  4. Recent Stock Performance:
    • Last Closing Price: At the last closing, Air Canada’s stock price was CAD 16.50. This is the most recent market valuation of the stock.
    • Weekly Change: Over the past week, Air Canada’s stock price has experienced a slight decrease of -0.54%. This indicates short-term volatility.
    • Monthly Change: Over the past month, the stock price has seen a decrease of -14.86%. This suggests that there may have been recent challenges or changes affecting the stock.
    • Yearly Change: Looking at the stock’s performance over the last year, it has seen a decline of -17.13%. This longer-term perspective indicates a significant decrease in value over the course of the year.

 

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