Is Buying Air Canada Here a Winning Strategy?

 Is Buying Air Canada Here a Winning Strategy?

The stock of Air Canada (TSE:AC) hit a new 52-week high and has $16.44 target or 24.00% above today’s $13.26 share price. The 9 months bullish chart indicates low risk for the $3.54B company. The 1-year high was reported on Nov, 15 by If the $16.44 price target is reached, the company will be worth $849.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.87 million shares traded hands or 46.43% up from the average. Air Canada (TSE:AC) has risen 53.64% since April 11, 2016 and is uptrending. It has outperformed by 49.71% the S&P500.

Air Canada (TSE:AC) Ratings Coverage

Out of 8 analysts covering Air Canada (TSE:AC), 6 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 75% are positive. $24 is the highest target while $8.25 is the lowest. The $15.68 average target is 18.25% above today’s ($13.26) stock price. Air Canada has been the topic of 37 analyst reports since August 13, 2015 according to StockzIntelligence Inc. TD Securities maintained Air Canada (TSE:AC) rating on Thursday, August 13. TD Securities has “Buy” rating and $21 price target. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, August 13. The firm has “Buy” rating given on Tuesday, June 28 by Canaccord Genuity. The company was maintained on Friday, November 6 by National Bank Canada. The stock of Air Canada (TSE:AC) earned “Top Pick” rating by RBC Capital Markets on Tuesday, November 8. The stock of Air Canada (TSE:AC) earned “Outperform” rating by Scotia Capital on Thursday, August 13. The stock of Air Canada (TSE:AC) earned “Underperform” rating by Raymond James on Thursday, January 14. The company was maintained on Thursday, August 13 by IBC. The rating was maintained by Scotia Capital with “Sector Perform” on Friday, September 4. National Bank Canada maintained the shares of AC in a report on Friday, October 14 with “Outperform” rating.

More important recent Air Canada (TSE:AC) news were published by: which released: “Air Canada reverses poppy ban after outcry from employees” on November 07, 2016, also published article titled: “Air Canada ready for competition but opposes quick exemptions for rivals”, published: “Air Canada lanza las rutas Vancouver-Frankfurt y Vancouver-Londres para el verano 2017” on November 10, 2016. More interesting news about Air Canada (TSE:AC) was released by: and their article: “Canada’s outstanding CEO of the year: Air Canada’s Calin Rovinescu” with publication date: November 01, 2016.

Air Canada is a domestic, United States transborder and international airline company. The company has a market cap of $3.54 billion. The Firm is a well-known provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. It has a 3.97 P/E ratio. The Company’s mainline operates a fleet of over 170 aircraft, including Airbus narrow-body aircraft, Boeing and Airbus wide-body aircraft, and Embraer 190 regional jets.

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