FY2024 EPS Estimates for Air Canada Raised by Stifel Canada

Air Canada (TSE:AC - Free Report) - Equities research analysts at Stifel Canada lifted their FY2024 EPS estimates for Air Canada in a research report issued to clients and investors on Sunday, November 3rd. Stifel Canada analyst D. Young now expects that the company will earn $3.71 per share for the year, up from their previous estimate of $2.52. Stifel Canada currently has a "Strong-Buy" rating on the stock. The consensus estimate for Air Canada's current full-year earnings is $2.58 per share. Stifel Canada also issued estimates for Air Canada's Q4 2024 earnings at $0.43 EPS and FY2025 earnings at $3.47 EPS.

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, beating analysts' consensus estimates of C$0.85 by C$0.13. Air Canada had a net margin of 7.92% and a return on equity of 603.77%. The firm had revenue of C$5.52 billion during the quarter, compared to the consensus estimate of C$5.55 billion.

Several other equities analysts have also recently issued reports on the company. Jefferies Financial Group boosted their target price on Air Canada from C$18.00 to C$22.00 in a research report on Tuesday. Raymond James decreased their price objective on shares of Air Canada from C$28.00 to C$22.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. raised their target price on shares of Air Canada from C$32.00 to C$34.00 in a report on Monday. CIBC upped their price target on shares of Air Canada from C$25.00 to C$27.00 in a report on Monday. Finally, TD Cowen boosted their price target on Air Canada to C$25.00 and gave the stock a "buy" rating in a report on Wednesday. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$25.25.

Air Canada Price Performance

AC stock traded up C$0.98 on Wednesday, reaching C$23.16. 5,795,447 shares of the company's stock were exchanged, compared to its average volume of 2,370,427. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,070.99. Air Canada has a twelve month low of C$14.47 and a twelve month high of C$23.21. The firm has a market cap of C$8.30 billion, a PE ratio of 5.17, a P/E/G ratio of 0.02 and a beta of 2.39. The stock has a fifty day moving average of C$17.12 and a 200-day moving average of C$17.45.

Insider Buying and Selling

In other news, Senior Officer Christophe Hennebelle acquired 1,900 shares of the firm's stock in a transaction on Friday, August 9th. The stock was bought at an average cost of C$15.70 per share, with a total value of C$29,830.00. 0.14% of the stock is currently owned by corporate 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.