Air Canada Q1 EPS Lowered by National Bank Financial

Air Canada (TSE:AC - Free Report) - Investment analysts at National Bank Financial lowered their Q1 2025 EPS estimates for Air Canada in a research note issued on Wednesday, April 9th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings of ($0.56) per share for the quarter, down from their previous forecast of ($0.33). 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 FY2025 earnings at $1.37 EPS and FY2026 earnings at $1.98 EPS.

AC has been the subject of a number of other reports. Scotiabank cut their price objective on Air Canada from C$25.00 to C$21.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Royal Bank of Canada reduced their price objective on shares of Air Canada from C$20.00 to C$16.00 and set a "sector perform" rating for the company in a research note on Wednesday. National Bankshares dropped their target price on shares of Air Canada from C$27.00 to C$23.00 in a report on Thursday, April 10th. Citigroup decreased their price target on Air Canada from C$28.50 to C$26.50 and set a "buy" rating on the stock in a report on Monday, December 30th. Finally, Jefferies Financial Group lowered Air Canada from a "hold" rating to an "underperform" rating and dropped their price objective for the stock from C$18.00 to C$12.00 in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$23.63.

Air Canada Stock Performance

TSE AC traded down C$0.05 on Monday, hitting C$13.97. 3,080,268 shares of the company traded hands, compared to its average volume of 3,515,335. The business's 50 day moving average price is C$15.39 and its 200-day moving average price is C$19.19. Air Canada has a 52-week low of C$12.69 and a 52-week high of C$26.18. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. The company has a market capitalization of C$4.98 billion, a price-to-earnings ratio of 1.97, a P/E/G ratio of 0.02 and a beta of 2.39.

Insider Buying and Selling

In related news, Director Vagn Sorensen acquired 11,440 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average price of C$17.40 per share, with a total value of C$199,057.14. Also, Senior Officer Craig Landry acquired 13,644 shares of Air Canada stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price of C$16.75 per share, with a total value of C$228,546.55. Insiders acquired a total of 32,993 shares of company stock valued at $538,251 over the last three months. 0.14% of the stock is owned by company 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.