FY2026 Earnings Forecast for Air Canada Issued By Scotiabank

Air Canada (TSE:AC - Free Report) - Equities research analysts at Scotiabank issued their FY2026 earnings estimates for shares of Air Canada in a report released on Wednesday, January 8th. Scotiabank analyst K. Gupta anticipates that the company will post earnings per share of $2.18 for the year. Scotiabank currently has a "Outperform" rating and a $29.00 target price on the stock. The consensus estimate for Air Canada's current full-year earnings is $2.58 per share.

AC has been the topic of several other research reports. BMO Capital Markets raised their price objective on Air Canada from C$29.00 to C$31.00 in a report on Wednesday, December 18th. Jefferies Financial Group lifted their price target on Air Canada from C$22.00 to C$23.00 in a research note on Monday. National Bankshares upped their price objective on Air Canada from C$22.00 to C$27.00 in a research note on Monday, November 4th. JPMorgan Chase & Co. lifted their price target on shares of Air Canada from C$32.00 to C$34.00 in a report on Monday, November 4th. Finally, CIBC increased their price objective on Air Canada from C$27.00 to C$28.00 in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$26.60.

Air Canada Price Performance

Shares of TSE AC traded up C$0.28 during midday trading on Thursday, reaching C$22.01. 1,339,716 shares of the company were exchanged, compared to its average volume of 2,385,044. The stock's 50-day moving average price is C$23.46 and its 200-day moving average price is C$18.97. The stock has a market cap of C$7.89 billion, a P/E ratio of 4.91, 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 0.85 and a debt-to-equity ratio of 1,070.99. Air Canada has a one year low of C$14.47 and a one year high of C$26.18.

Insider Activity

In other news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of C$21.71, for a total transaction of C$130,246.80. Company insiders own 0.14% of the company's stock.

About Air Canada

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.