Air Canada (TSE:AC - Free Report) - Equities researchers at National Bank Financial raised their FY2024 earnings per share estimates for Air Canada in a note issued to investors on Tuesday, January 14th. National Bank Financial analyst C. Doerksen now anticipates that the company will earn $3.55 per share for the year, up from their previous forecast of $3.54. 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 Q4 2024 earnings at $0.27 EPS and FY2026 earnings at $2.59 EPS.
A number of other equities analysts have also weighed in on AC. ATB Capital upped their price objective on shares of Air Canada from C$28.00 to C$31.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Citigroup reduced their price target on Air Canada from C$28.50 to C$26.50 and set a "buy" rating on the stock in a research note on Monday, December 30th. TD Cowen lifted their price objective on Air Canada to C$25.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Stifel Canada upgraded Air Canada from a "hold" rating to a "strong-buy" rating in a research note on Sunday, November 3rd. Finally, Raymond James raised Air Canada to a "moderate buy" rating in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$26.60.
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Air Canada Trading Down 1.0 %
TSE:AC traded down C$0.21 on Thursday, reaching C$20.41. The stock had a trading volume of 3,577,274 shares, compared to its average volume of 2,797,700. Air Canada has a 12-month low of C$14.47 and a 12-month high of C$26.18. The company has a market cap of C$7.32 billion, a price-to-earnings ratio of 4.56, a P/E/G ratio of 0.02 and a beta of 2.39. The firm's fifty day moving average is C$23.38 and its two-hundred day moving average is C$19.08. 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.
Insiders Place Their Bets
In other news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the company's 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 owned by insiders.
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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