Air Canada (TSE:AC - Free Report) - Stock analysts at National Bank Financial dropped their FY2025 earnings estimates for shares of Air Canada in a research note issued on Tuesday, January 14th. National Bank Financial analyst C. Doerksen now anticipates that the company will earn $2.54 per share for the year, down from their prior forecast of $2.68. The consensus estimate for Air Canada's current full-year earnings is $2.58 per share.
Several other analysts have also recently commented on the stock. Canaccord Genuity Group lifted their price objective on shares of Air Canada from C$25.00 to C$29.00 in a research note on Monday, November 4th. Cormark raised their price objective on Air Canada from C$26.75 to C$29.50 in a research report on Wednesday, December 18th. Jefferies Financial Group upped their price target on Air Canada from C$22.00 to C$23.00 in a report on Monday, January 6th. Raymond James raised shares of Air Canada to a "moderate buy" rating in a research report on Tuesday, December 17th. Finally, CIBC lifted their price objective on shares of Air Canada from C$27.00 to C$28.00 in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$26.60.
Check Out Our Latest Analysis on Air Canada
Air Canada Stock Up 0.2 %
TSE:AC traded up C$0.04 during mid-day trading on Friday, hitting C$20.45. 2,286,146 shares of the company's stock traded hands, compared to its average volume of 2,755,070. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85. The company has a market capitalization of C$7.33 billion, a P/E ratio of 4.56, a P/E/G ratio of 0.02 and a beta of 2.39. The company has a fifty day moving average of C$23.29 and a 200 day moving average of C$19.14. Air Canada has a twelve month low of C$14.47 and a twelve month high of C$26.18.
Insider Buying and Selling at Air Canada
In related news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the company's stock in a transaction 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 company insiders.
About Air Canada
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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.
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