Air Canada (TSE:AC - Free Report) - Analysts at Atb Cap Markets boosted their Q4 2024 EPS estimates for shares of Air Canada in a research note issued to investors on Tuesday, December 17th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings of ($0.01) per share for the quarter, up from their prior forecast of ($0.04). The consensus estimate for Air Canada's current full-year earnings is $2.58 per share. Atb Cap Markets also issued estimates for Air Canada's Q1 2025 earnings at ($0.45) EPS, Q2 2025 earnings at $0.51 EPS, Q4 2025 earnings at ($0.23) EPS, FY2025 earnings at $1.99 EPS and Q1 2026 earnings at ($0.57) EPS.
AC has been the topic of a number of other research reports. Cormark upped their target price on shares of Air Canada from C$26.75 to C$29.50 in a research note on Wednesday. Canaccord Genuity Group upped their price objective on Air Canada from C$25.00 to C$29.00 in a research note on Monday, November 4th. Jefferies Financial Group raised their target price on Air Canada from C$18.00 to C$22.00 in a research report on Tuesday, November 5th. TD Cowen upped their price target on Air Canada to C$25.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Air Canada from C$32.00 to C$34.00 in a 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$26.67.
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Air Canada Stock Performance
Shares of TSE AC traded up C$0.24 during mid-day trading on Friday, hitting C$21.96. The company had a trading volume of 6,308,916 shares, compared to its average volume of 2,608,943. Air Canada has a 12 month low of C$14.47 and a 12 month high of C$26.18. The firm has a market cap of C$7.87 billion, a P/E ratio of 4.90, a PEG ratio of 0.02 and a beta of 2.39. The business's 50-day simple moving average is C$22.25 and its 200-day simple moving average is C$18.53. 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.
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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