Scotiabank Issues Negative Forecast for Air Canada Earnings

Air Canada (TSE:AC - Free Report) - Investment analysts at Scotiabank reduced their FY2025 earnings estimates for Air Canada in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst K. Gupta now expects that the company will earn $1.78 per share for the year, down from their prior estimate of $2.04. Scotiabank currently 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.

AC has been the topic of several other reports. Citigroup dropped their target price on Air Canada from C$28.50 to C$26.50 and set a "buy" rating on the stock in a research report on Monday, December 30th. Stifel Nicolaus dropped their price objective on shares of Air Canada from C$28.00 to C$26.00 in a report on Tuesday, February 18th. BMO Capital Markets lifted their price objective on shares of Air Canada from C$29.00 to C$31.00 in a research report on Wednesday, December 18th. Raymond James upgraded shares of Air Canada to a "moderate buy" rating in a research report on Tuesday, December 17th. Finally, ATB Capital lifted their price target on Air Canada from C$28.00 to C$31.00 and gave the company an "outperform" rating in a report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$25.20.

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Air Canada Stock Performance

Shares of TSE:AC traded down C$0.53 during trading on Monday, hitting C$14.59. 5,590,003 shares of the company traded hands, compared to its average volume of 3,350,125. The stock has a market capitalization of C$5.20 billion, a price-to-earnings ratio of 2.05, a PEG ratio of 0.02 and a beta of 2.39. Air Canada has a one year low of C$14.47 and a one year high of C$26.18. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00. The business's fifty day moving average is C$17.50 and its 200-day moving average is C$19.44.

Insider Activity

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