Brokers Set Expectations for Air Canada FY2024 Earnings

Air Canada (TSE:AC - Free Report) - Analysts at National Bank Financial upped their FY2024 EPS estimates for shares of Air Canada in a report released on Tuesday, January 14th. National Bank Financial analyst C. Doerksen now expects that the company will earn $3.55 per share for the year, up from their previous estimate of $3.54. The consensus estimate for Air Canada's current full-year earnings is $2.58 per share. National Bank Financial also issued estimates for Air Canada's Q4 2024 earnings at $0.27 EPS and FY2026 earnings at $2.59 EPS.

Several other brokerages have also recently issued reports on AC. National Bankshares increased their target price on Air Canada from C$22.00 to C$27.00 in a research report on Monday, November 4th. Stifel Nicolaus raised their price objective on Air Canada from C$25.50 to C$28.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. Stifel Canada upgraded Air Canada from a "hold" rating to a "strong-buy" rating in a research note on Sunday, November 3rd. ATB Capital increased their price target on Air Canada from C$28.00 to C$31.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Finally, Canaccord Genuity Group raised their price target on Air Canada from C$25.00 to C$29.00 in a report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$26.60.

Air Canada Trading Up 0.2 %

Shares of AC traded up C$0.04 during trading hours on Thursday, reaching C$20.45. 2,286,274 shares of the company traded hands, compared to its average volume of 2,730,581. The firm has a market cap of C$7.33 billion, a price-to-earnings ratio of 4.56, a PEG ratio of 0.02 and a beta of 2.39. Air Canada has a 12-month low of C$14.47 and a 12-month high of C$26.18. The stock's fifty day moving average price is C$23.38 and its 200 day moving average price is C$19.08. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99.

Insider Activity at Air Canada

In other Air Canada news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the firm's stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$21.71, for a total transaction of C$130,246.80. 0.14% of the stock is owned by corporate insiders.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names 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.