Air Canada is among the stocks making up the Canadian stock market trading on Toronto Stock Exchange. The firm began operations in 1937. The Air Canada stock generates from Canada, the United States of America, and other global states incorporated in their international routes. Are you interested in this stock? Then, you should look at our insights on the Air Canada stock predictions.
The average price of the Air Canada stock is C$22.38. The stock’s average target is C$29.09, up from C$22.38. The lowest end is expected to reach C$25.07, while the highest forecast is expected to hit C$35.10. The target for the average price for the stock (C$29.09) is 29.96% higher than the current average.
The Air Canada stock has been on a downfall trend in the past twelve months. Its volatility is high. However, the stock forecast shows an increase in the coming three or so years. This is where swing trading seeks to take advantage of changing trends in a stock’s value.
Therefore, is Air Canada a good investment? Let’s find out.
What Is Air Canada?
Air Canada is an Aircraft company offering Airline services in Canada, the U.S.A, and other states. The company was established in 1937. It operates as Air Canada Rouge and Air Canada Vacations in Canada, the U.S, and the global market, while its headquarter is in Saint-Laurent, Canada.
Air Canada also operates in capacity purchase agreements on other service providers. In the 2020 report, the firm recorded 169 fleet travels. This comprised 91 Boeing narrow and 78 Boeing wide.
The Air Canada Express registered 136 fleets. It had 49 Bombardier Aircraft, 62 De Havilland Dash, and 25 Embraer 175 Aircraft.
Air Canada Rogue had 39 Aircraft.
Other than the Aircraft fleets, they also ship Air cargo in Canada, Canada-U.S transborder, and the global market. Besides, they engage in developing, marketing, and distributing vacation travel packages.
Quick Air Canada Stock Facts
- Air Canada’s stock price is $22.38. This stock’s value is $29, and its historic median score is 50. The value is 42% lower than the median score.
- The Air Canada stock has higher risks than other Canadian stocks.
- Air Canada stock is valued in a range of 20-30% percentile.
- The past few years saw the Air Canada stock recording higher returns than the Canadian Airlines industry.
- Despite the Air Canada stock having higher risks, its volatility rate is much lower than most Canadian stocks in the past few months.
- The Air Canada stock has maintained weekly volatility of 4% over the last twelve months.
As of June 2021, these Canadian stocks recorded the following data.
- The stock has a debt to equity ratio of 1,620.6%
- This Canadian stock has an Earnings per share of -12.06
- The net profit margin of Air Canada stock is -136.98%
- The Air Canada stock has a Gross Margin of -59.46%
Will Air Canada Stock Price Shoot in the Coming Years?
In the three quarters of the last fiscal year, AC recorded a 33.4% increase in its average historical index. This is based on the previous fourteen years of the stock operation.
In 2021, the stock recorded the lowest price on 29th January. The price for the day (see day trading for starters) was $20.02. 12th March saw the highest record of the year, with $29.72.
Air Canada’s stock forecast shows that 2021 will close with a stock value of $22.96. This is a 0.14% rise from the current value.
The coming year is scheduled to start with a stock price of $23.22 in January. The highest value for January is expected to be $24.09 on 18th January. This is a 5.05% value rise from the current value. In January 2021, the lowest price is expected to be $23.55 on the 11th.
The forecast for the remaining part of the 2022 fiscal year is shown below.
The lowest price of the month is $22.47 on the 2nd of February. The highest price is $23.22, which is expected on 9th February. The gross rise in price in February is $3.76.
This month is expected to have the highest record price of $22.84 on 16th March. The lowest price is expected to be $22.18 on 2nd March.
The overall rise of the month will be 2.06%.
April is expected to record the lowest closing price of $23.0 on the 27th. The highest price of the month is expected to reach $23.54 on the 13th.
The rise of the stock price will be 5.18%.
May is expected to record the highest closing price of $23.24 on the 18th. The lowest price of the month is expected to reach $22.75 on the 11th.
The rise of the stock price will be 3.85%.
The peak of the month will be on the 15th, with a closing price of $24.74. The lowest price will be experienced on the 1st, with an average weekly closing price of $23.66. The weekly average price represents a 10.55% increase in the stock price.
The weekly closing price of the stock will fall in July. The month’s highest weekly closing price will be $24.39 on the 27th. 6th July will record the lowest weekly closing average price, with $23.72. The gross increase in the stocks price will be $8.97.
The Air Canada stock forecast shows that the weekly average price will go up in August. The highest weekly price average of the stock will be $24.71. This will be on the month’s last week. The lowest weekly closing price average for August is forecast to be $24.48 on the 3rd. The percentage increase in the stock value will therefore be 9.38%.
The value of the Air Canada stock will increase in September. On 28th September, the weekly average closing price of the stock will be $26.79, the highest of the month. The lowest value of the month will be on the 7th, with a value of $24.83. The average increase for September will be 19.72%.
The weekly average for Air Canada stock is expected to shoot further in October 2022. The month’s highest value is expected to reach $29.85 on the 26th historical data date. The lowest week of the month will have an average closing price of $26.79. The average rise in the value of the stock for September is 33.37%.
Air Canada Stock Predictions for November This Year
November 2021 is expected to set off with an average price of $19.02. The maximum potential price for the month opener is expected to be $21.88, while the least price should be $16.17.
The average stock price is expected to maintain a $19+ value until the 8th, which will have a value of $19.72. The same applies to the maximum expected price and the minimum price for the stock. The maximum expected price will maintain a value of $21.8+. The least price for the period is expected to be between $16.17 to $16.97.
From 9th November to 15th November, the average price for the Air Canadian stock will range from $20.63 to $20.79. The best price for the Air Canadian stock will range between $17.53 to $17.67. The least price for the given period will range between $23.72 to $23.91.
The average price of the stock is expected to shoot to $21.07 on 13th November. The best price for the day will be $24.23, while the lowest price will be $17.91 (go to day trading in Canada).
November 14th and 15th will have an average stock price of $20.95 and $20.80, respectively. The best price for the two days is expected to be $24.10 and $23.92, respectively. The lowest price is expected to be $17.81 and $17.67, respectively.
From 16th November to 23rd November, the stock price will range between $21.02 to $21.48. However, the price can reach between $24.17 to $24.70 as best prices. The least price for the given timeframe will range between $17.87 to $18.87.
From 24th November until 26th, the average share price for the stock will be $22.03 to $22.67. The lowest price will be $18.73 to $19.27. The best price, however, is expected to range from $25.34 to $26.06.
The price will be between $23.23 to $23.42 from 27th November to 30th. The lowest price will be $19.74 to $19.91. The best price for this period will range from $26.71 to $26.94.
Buy, Sell, or Hold-What Is the Right Alternative for Air Canada Stock?
The current price of Air Canada stock is $22.38, but its fair price is $29. over the next fifty-two weeks, the stock’s value is expected to rise to $29.85. The current consensus rating score for Air Canada stock is 2.42. This is lower than the minimum consensus rating score, which is 2.55 for the industrial sector. This is the minimum rating you’re supposed to buy stock in industrial companies. Therefore, given the low consensus rating score and the stock’s current price, it’ll be viable to hold the stock. You’ll have to wait for the rating score to go up and the price to increase before you can sell.
The Bottom Line
Are you still stuck on whether to invest in Air Canada stock or not? Take it easy. Air Canada stock is an ideal investment – see top online brokerages and robo advisors – for your short-term investment plans. You may be disappointed if you consider a long-term investment in the Air Canadian stock. The value of the Air Canada stock is updated after a short while, with the predictions updated after every five minutes. You will have to use these analysis methods to predict future trends, though.
Air Canada also has higher risks than normal on your capital investment. The stock is currently valued at $22.38. Despite it having the potential to increase value by 33.37% in the next fifty-two weeks, there are still chances that the stock may lose value. Therefore, reducing further its price. Thus, depreciating your current investment.
Have a clear look at the stock before you can decide on the perfect time to invest in the Air Canada stock.