Air Canada (TSE:AC - Free Report) - Stock analysts at Atb Cap Markets upped their FY2024 earnings per share (EPS) estimates for Air Canada in a report issued on Tuesday, December 17th. Atb Cap Markets analyst C. Murray now expects that the company will earn $3.32 per share for the year, up from their previous forecast of $3.18. The consensus estimate for Air Canada's current full-year earnings is $2.58 per share. Atb Cap Markets also issued estimates for Air Canada's Q3 2025 earnings at $2.14 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $2.22 EPS and FY2026 earnings at $2.01 EPS.
Several other equities analysts have also recently commented on the company. Jefferies Financial Group increased their target price on Air Canada from C$18.00 to C$22.00 in a research note on Tuesday, November 5th. CIBC raised their price objective on shares of Air Canada from C$27.00 to C$28.00 in a report on Wednesday, December 4th. Stifel Nicolaus raised shares of Air Canada from a "hold" rating to a "buy" rating and boosted their target price for the stock from C$20.00 to C$25.50 in a research report on Monday, November 4th. Scotiabank increased their price target on shares of Air Canada from C$26.50 to C$29.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on Air Canada from C$32.00 to C$34.00 in a report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Air Canada presently has an average rating of "Moderate Buy" and an average price target of C$26.50.
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Air Canada Stock Up 0.6 %
AC stock traded up C$0.14 during trading on Thursday, reaching C$21.72. The stock had a trading volume of 5,077,666 shares, compared to its average volume of 2,593,902. The firm has a fifty day moving average price of C$22.14 and a 200 day moving average price of C$18.51. 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. The company has a market capitalization of C$7.79 billion, a P/E ratio of 4.85, a PEG ratio of 0.02 and a beta of 2.39. Air Canada has a 1-year low of C$14.47 and a 1-year high of C$26.18.
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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