Analyst Ratings Change
STA Research(Rank#110) has upgraded Air Canada’s stock rating from Hold to a “Speculative Buy”, indicating a more bullish outlook on the company’s future prospects. STA Research also has set a 12-month target price of $22 on the stock, suggesting potential upside for investors.
STA Research has taken a positive view on Air Canada’s, citing various factors that could potentially drive the stock’s performance in the coming months. One of the key factors is the anticipated recovery of the travel industry as the global economy gradually continues to rebound from the various headwinds.
Air Canada has implemented various measures to reduce costs, improve operational efficiency, and enhance its liquidity position. These actions could position Air Canada to better weather the ongoing challenges and capitalize on opportunities as the travel industry recovers.
While Air Canada’s stock looks like it’s at an attractive level, factors such as fuel prices, competition, regulatory changes, and global economic conditions can impact the performance of airline stocks.
Air Canada’s stock has received a positive upgrade from STA Research, which has upgraded the stock rating to a “Speculative Buy” rating and set a 12-month target price of $22. Despite the various challenges faced by the airline industry, STA Research’s bullish outlook on Air Canada may be attributed to factors such as the anticipated recovery of the travel industry and the company’s efforts to adapt to the changing landscape.
AC Stock Forecast & Analysis
Based on the provided information, it appears that there are mixed opinions among analysts regarding Air Canada’s stock performance. The average analyst target price for Air Canada is CAD 25.60, which indicates a positive outlook for the stock over the next 12 months. The average analyst rating is a “Strong Buy”, suggests that analysts are generally optimistic about Air Canada’s future prospects.
Stock Target Advisor’s own stock analysis of Air Canada is Neutral, which means that they are not as bullish on the stock. Their analysis is based on 5 positive signals and 5 negative signals, which may indicate that there are both positive and negative factors influencing Air Canada’s stock performance.
As of the last closing, Air Canada’s stock price was CAD 18.58, which is lower than the average analyst target price and may indicate that the stock is currently trading at a discount.
Air Canada’s stock price has also experienced negative changes over the past week, month, and year, with declines of -2.98%, -7.42%, and -15.31% respectively. This may suggest that there are challenges or uncertainties affecting the stock’s performance in the short-term and long-term.