TD Cowen analyst Helane Becker has maintained their bullish stance on ACDVF stock, giving a Buy rating today.
Helane Becker’s Buy rating for Air Canada is underpinned by a combination of the airline’s promising revenue opportunities and its robust financial status. The analyst has adjusted the company’s earnings projections after considering Air Canada’s recent fourth quarter and full-year results, along with the management’s guidance for the upcoming fiscal year. Becker acknowledges the current uncertainty concerning the open pilot deal, but she remains optimistic about the airline’s potential to realize productivity benefits in the mid-term future, specifically around fiscal years 2025 and 2026.
Furthermore, the analyst has a favorable view of Air Canada’s balance sheet, which she believes is well-positioned to enable shareholder returns as the decade progresses. This confidence is reflected in the increased price target of C$34.00, suggesting a substantial upside based on an estimated 4.0x EV/EBITDA multiple for the year 2025. Becker’s analysis indicates that despite short-term challenges, Air Canada’s strategic advantages and financial health present a compelling case for a Buy rating.
In another report released today, National Bank also maintained a Buy rating on the stock with a C$31.00 price target.
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Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ACDVF in relation to earlier this year.
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Air Canada (ACDVF) Company Description:
Air Canada provides airline transportation services. It engages in full-service airline, scheduled passenger and cargo services, serving more than two hundred airports on six continents. It operates flights in Canada, the USA, Latin America, Europe, Australia and Asia. The company was founded on April 11, 1936 and is headquartered in Saint-Laurent, Canada.
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