FY2025 Earnings Estimate for Air Canada Issued By Scotiabank

Air Canada (TSE:AC - Free Report) - Equities research analysts at Scotiabank reduced their FY2025 EPS estimates for shares of Air Canada in a research report issued on Wednesday, March 19th. Scotiabank analyst K. Gupta now anticipates that the company will post earnings of $1.78 per share for the year, down from their prior estimate of $2.04. Scotiabank has a "Outperform" rating and a $29.00 price objective on the stock. The consensus estimate for Air Canada's current full-year earnings is $2.58 per share.

Other analysts have also issued reports about the stock. CIBC lowered their target price on shares of Air Canada from C$28.00 to C$24.00 in a research note on Tuesday, February 18th. Stifel Nicolaus dropped their target price on Air Canada from C$28.00 to C$26.00 in a research report on Tuesday, February 18th. Jefferies Financial Group decreased their target price on shares of Air Canada from C$23.00 to C$18.00 in a research note on Monday, February 24th. Cormark lifted their target price on shares of Air Canada from C$26.75 to C$29.50 in a research report on Wednesday, December 18th. Finally, Citigroup reduced their price objective on Air Canada from C$28.50 to C$26.50 and set a "buy" rating for the company in a research note on Monday, December 30th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$25.20.

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Air Canada Trading Down 3.2 %

AC traded down C$0.46 during trading on Monday, reaching C$14.13. The company had a trading volume of 5,111,873 shares, compared to its average volume of 3,379,005. Air Canada has a 52 week low of C$14.12 and a 52 week high of C$26.18. The business has a 50 day simple moving average of C$17.39 and a 200-day simple moving average of C$19.43. The stock has a market cap of C$5.04 billion, a P/E ratio of 1.99, a PEG ratio of 0.02 and a beta of 2.39. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00.

Insider Buying and Selling at Air Canada

In other Air Canada news, Senior Officer Craig Landry acquired 13,644 shares of the stock in a transaction on Friday, February 28th. The shares were bought at an average price of C$16.75 per share, with a total value of C$228,546.55. Also, Director Vagn Sorensen bought 11,440 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was bought at an average cost of C$17.40 per share, with a total value of C$199,057.14. 0.14% of the stock is 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.