Air Canada is “attractive at these levels for investors who can stomach the near-term volatility.” Maintains a buy rating, price target cut to C$32 from C$42.

Over the next 12 months, analysts have an average price target that represents 43% upside for Air Canada stock and 85% upside for Suncor stock.

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Air Canada (OTCMKTS:ACDVF) last released its quarterly earnings data on Friday, July 31st.

That said, in its second-quarter report, Air Canada projected net cash burn of $1.35-$1.6 billion in the third quarter.

Fool contributor Kay Ng owns shares of AIR CANADA and Suncor. If this cash-burn pattern continues, the company has the liquidity to keep the business going through Q3 2021.

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recommended to BUY the stock. The company has a 50 day moving average of $12.92 and a 200-day moving average of $12.58. The year-to-date price action comparison of the Canadian stock market, Air Canada stock, and Suncor stock. ACDVF has been the topic of several other research reports. Air Canada stock’s 10-year price chart compared to the Canadian market. Returns since inception, October 2013. Air Canada has a 52 week low of $6.49 and a 52 week high of $40.31.

As a shareholder of both Air Canada (TSX:AC) stock and Suncor Energy (TSX:SU)(NYSE:SU) stock, I can tell you that it hasn’t been easy being invested in either this year. Particularly, from 2015 to 2019, the stock was a four-bagger, delivering annualized returns of about 32.5% per year. If investors got really lucky, they could have traded the stock a few times in the past 10 years for price gains of 50-75% each time while, in the interim, collecting dividend income from Suncor.

It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers. Over the next 12 months, analysts have an average price target that represents 43% upside for Air Canada stock and 85% upside for Suncor stock.

Air Canada's stock was trading at $22.62 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). This is despite the fact that my average prices per share are relatively low against the stocks’ highs.

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Data by YCharts. The company reported ($4.54) earnings per share for the quarter.

I understand I can unsubscribe from these updates at any time. Scotiabank increased their target price on Air Canada from $23.00 to $24.00 and gave the company an outperform rating in a research note on Tuesday, August 4th.

Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements.

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