FY2024 EPS Estimates for Air Canada Cut by National Bank Financial (TSE:AC)

Air Canada (TSE:AC - Free Report) - Equities research analysts at National Bank Financial cut their FY2024 earnings per share estimates for shares of Air Canada in a report released on Tuesday, September 24th. National Bank Financial analyst C. Doerksen now anticipates that the company will earn $1.86 per share for the year, down from their prior estimate of $2.10. The consensus estimate for Air Canada's current full-year earnings is $2.83 per share.

A number of other research analysts also recently weighed in on AC. Scotiabank reduced their target price on shares of Air Canada from C$27.00 to C$21.00 and set an "outperform" rating for the company in a research report on Wednesday, July 24th. Raymond James dropped their price target on shares of Air Canada from C$28.00 to C$22.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 23rd. Royal Bank of Canada reduced their price objective on shares of Air Canada from C$18.00 to C$17.00 and set a "sector perform" rating for the company in a research note on Tuesday, July 23rd. Cormark dropped their target price on Air Canada from C$25.50 to C$21.25 in a research report on Tuesday, July 23rd. Finally, CIBC reduced their price target on Air Canada from C$28.00 to C$25.00 and set an "outperform" rating for the company in a research report on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$23.60.

Air Canada Stock Performance

TSE AC opened at C$16.67 on Friday. Air Canada has a 1 year low of C$14.47 and a 1 year high of C$20.47. The firm has a market cap of C$5.98 billion, a price-to-earnings ratio of 3.72, a PEG ratio of 0.02 and a beta of 2.39. The company has a fifty day moving average price of C$15.84 and a 200-day moving average price of C$17.56. 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.

Air Canada (TSE:AC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.98 EPS for the quarter, topping analysts' consensus estimates of C$0.85 by C$0.13. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. The firm had revenue of C$5.52 billion during the quarter, compared to analyst estimates of C$5.55 billion.

Insider Activity at Air Canada

In other news, Senior Officer Christophe Hennebelle bought 1,900 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average cost of C$15.70 per share, with a total value of C$29,830.00. 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.

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