Stifel Canada Estimates Air Canada FY2024 Earnings

Air Canada (TSE:AC - Free Report) - Stock analysts at Stifel Canada issued their FY2024 earnings per share estimates for Air Canada in a research report issued on Tuesday, October 15th. Stifel Canada analyst D. Young anticipates that the company will post earnings per share of $2.52 for the year. Stifel Canada has a "Hold" rating on the stock. The consensus estimate for Air Canada's current full-year earnings is $2.58 per share. Stifel Canada also issued estimates for Air Canada's FY2025 earnings at $2.80 EPS.

A number of other research firms have also recently commented on AC. Royal Bank of Canada dropped their price target 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. National Bankshares cut their target price on Air Canada from C$24.00 to C$22.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 25th. Cormark decreased their price target on Air Canada from C$25.50 to C$21.25 in a research note on Tuesday, July 23rd. Citigroup upped their price objective on Air Canada from C$20.00 to C$21.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, BMO Capital Markets decreased their target price on Air Canada from C$33.00 to C$28.00 and set an "outperform" rating for the company in a research report on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$23.70.

Air Canada Trading Up 0.5 %

TSE AC traded up C$0.09 on Friday, hitting C$18.28. 2,610,498 shares of the stock were exchanged, compared to its average volume of 2,224,336. Air Canada has a 52-week low of C$14.47 and a 52-week high of C$20.47. The firm has a market capitalization of C$6.55 billion, a P/E ratio of 4.08, a P/E/G ratio of 0.02 and a beta of 2.39. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85. The stock has a fifty day moving average price of C$15.99 and a two-hundred day moving average price of C$17.42.

Air Canada (TSE:AC - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported C$0.98 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of C$5.55 billion.

Insider Activity at Air Canada

In related news, Senior Officer Christophe Hennebelle purchased 1,900 shares of Air Canada stock in a transaction dated Friday, August 9th. The stock was purchased 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 corporate insiders.

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.