Analyst Ratings Coverage
On Friday August 25th, 3 stock research companies updated their coverage on Air Canada’s stock :
STA Research – Hold (Target Price: CAD 25): STA Research (Analyst Rank #34 of 348) has maintained a “Hold” rating on Air Canada. This suggests that the analysts at STA Research believe the stock’s performance will be relatively stable in the near term. They are not expecting significant growth or decline, hence the recommendation to “hold” existing positions. The assigned target price of CAD 25 indicates that the analysts believe the stock’s fair value is around this level.
Citigroup – Buy (Target Price: CAD 31): Citigroup (Analyst Rank #15 of #348) has upgraded Air Canada’s rating from a previous level to “Buy”. This implies that analysts at Citigroup are optimistic about the company’s prospects and anticipate that the stock price will experience growth. The shift from a “Hold” to a “Buy” rating often indicates that the analysts believe there’s potential for an upward movement in the stock’s value. The target price of CAD 31 signifies that Citigroup believes the stock is undervalued and has the potential to reach this price level.
CIBC World Markets – Outperform (Target Price: CAD 33): CIBC World Markets (Analyst Rank of #348) has maintained an “Outperform” rating on Air Canada. This is a positive assessment, suggesting that the analysts at CIBC World Markets expect the company to perform better than the broader market or its industry peers. The “Outperform” rating aligns with the belief that the stock’s value will exceed market expectations. The target price of CAD 33 indicates CIBC World Markets’ estimation of the stock’s potential value in the coming period.
AC Stock Forecast & Analysis
According to forecasts from 14 analysts, Air Canada’s average target price is predicted to be CAD 28.63 within the next 12 months. The consensus among analysts is a “Buy” rating for the stock. Stock Target Advisor’s analysis rates the stock as “Neutral,” deriving this from a balance of 5 positive signals and 5 negative signals. As of the latest closing, Air Canada’s stock was priced at CAD 22.35. The stock has shown a -2.40% change in the past week, a -12.63% change over the past month, and a +22.94% change over the last year.