Air Canada (TSE:AC - Free Report) - Research analysts at Cormark cut their FY2024 EPS estimates for Air Canada in a research note issued on Wednesday, December 18th. Cormark analyst D. Ocampo now anticipates that the company will post earnings of $3.53 per share for the year, down from their previous forecast of $3.61. The consensus estimate for Air Canada's current full-year earnings is $2.58 per share. Cormark also issued estimates for Air Canada's Q4 2024 earnings at $0.18 EPS, Q1 2025 earnings at ($0.14) EPS, Q2 2025 earnings at $0.75 EPS, Q3 2025 earnings at $1.84 EPS, Q4 2025 earnings at ($0.18) EPS, FY2025 earnings at $2.27 EPS and FY2026 earnings at $2.61 EPS.
AC has been the subject of several other research reports. CIBC boosted their target price on Air Canada from C$27.00 to C$28.00 in a research note on Wednesday, December 4th. Raymond James raised shares of Air Canada to a "moderate buy" rating in a research note on Tuesday, December 17th. ATB Capital boosted their target price on shares of Air Canada from C$28.00 to C$31.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 18th. National Bankshares increased their price target on Air Canada from C$22.00 to C$27.00 in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. boosted their price objective on Air Canada from C$32.00 to C$34.00 in a research report on Monday, November 4th. Two equities research 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$26.67.
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Air Canada Price Performance
Shares of AC stock traded up C$0.10 on Monday, hitting C$22.06. 2,801,419 shares of the company's stock were exchanged, compared to its average volume of 2,609,719. The company has a 50 day moving average of C$22.25 and a 200 day moving average of C$18.53. The stock has a market cap of C$7.91 billion, a P/E ratio of 4.92, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a debt-to-equity ratio of 1,070.99, a current ratio of 0.85 and a quick ratio of 1.06. Air Canada has a 12 month low of C$14.47 and a 12 month high of C$26.18.
Insider Activity at Air Canada
In other news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of Air Canada stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of C$21.71, for a total value of C$130,246.80. 0.14% of the stock is currently owned by company insiders.
Air Canada Company Profile
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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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