Air Canada FY2024 EPS Estimate Boosted by Atb Cap Markets

Air Canada (TSE:AC - Free Report) - Stock analysts at Atb Cap Markets upped their FY2024 EPS estimates for shares of Air Canada in a research note issued on Sunday, November 3rd. Atb Cap Markets analyst C. Murray now expects that the company will earn $3.18 per share for the year, up from their previous forecast of $1.87. 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 Q4 2024 earnings at ($0.04) EPS, Q1 2025 earnings at ($0.50) EPS, Q2 2025 earnings at $0.43 EPS, Q3 2025 earnings at $2.12 EPS, Q4 2025 earnings at ($0.19) EPS and FY2026 earnings at $2.24 EPS.

A number of other analysts have also commented on the stock. Cormark lifted their target price on shares of Air Canada from C$21.75 to C$26.75 in a report on Monday. Citigroup upped their price objective on Air Canada from C$20.00 to C$21.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Scotiabank boosted their target price on Air Canada from C$24.00 to C$26.50 in a research report on Monday. BMO Capital Markets increased their price target on shares of Air Canada from C$28.00 to C$29.00 in a research report on Monday. Finally, Royal Bank of Canada decreased their price objective on shares of Air Canada from C$18.00 to C$17.00 and set a "sector perform" rating for the company in a report on Tuesday, July 23rd. Two investment 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. According to data from MarketBeat.com, Air Canada has a consensus rating of "Moderate Buy" and an average target price of C$25.25.

Air Canada Trading Up 4.4 %

Shares of TSE:AC traded up C$0.98 during trading on Wednesday, hitting C$23.16. 5,795,447 shares of the company's stock were exchanged, compared to its average volume of 2,370,427. The firm has a 50-day moving average price of C$17.12 and a two-hundred day moving average price of C$17.45. Air Canada has a 1-year low of C$14.47 and a 1-year high of C$23.21. The firm has a market cap of C$8.30 billion, a P/E ratio of 5.17, a PEG ratio of 0.02 and a beta of 2.39. 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.

Air Canada (TSE:AC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.98 EPS for the quarter, topping analysts' consensus estimates of C$0.85 by C$0.13. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. The firm had revenue of C$5.52 billion during the quarter, compared to analyst estimates of C$5.55 billion.

Insider Activity at Air Canada

In related news, Senior Officer Christophe Hennebelle bought 1,900 shares of the company's stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of C$15.70 per share, for a total transaction of C$29,830.00. 0.14% of the stock is owned by insiders.

Air Canada Company Profile

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.