Atb Cap Markets Forecasts Increased Earnings for Air Canada

Air Canada (TSE:AC) – Analysts at Atb Cap Markets lifted their FY2024 earnings per share (EPS) estimates for Air Canada in a research report issued on Tuesday, December 17th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings of $3.32 per share for the year, up from their previous estimate of $3.18. 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 Q3 2025 earnings at $2.14 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $2.22 EPS and FY2026 earnings at $2.01 EPS.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus upgraded shares of Air Canada from a “hold” rating to a “buy” rating and lifted their price target for the company from C$20.00 to C$25.50 in a report on Monday, November 4th. Scotiabank boosted their price target on shares of Air Canada from C$26.50 to C$29.00 and gave the company an “outperform” rating in a research report on Wednesday. BMO Capital Markets increased their price target on shares of Air Canada from C$29.00 to C$31.00 in a research note on Wednesday. Jefferies Financial Group lifted their price objective on Air Canada from C$18.00 to C$22.00 in a research report on Tuesday, November 5th. Finally, ATB Capital increased their target price on Air Canada from C$28.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$26.50.

Air Canada Trading Up 1.1 %

Shares of TSE:AC traded up C$0.24 during midday trading on Thursday, hitting C$21.82. 402,642 shares of the stock traded hands, compared to its average volume of 2,573,661. 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. The stock has a market capitalization of C$7.82 billion, a PE ratio of 4.87, a P/E/G 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 business’s 50 day moving average is C$22.03 and its two-hundred day moving average is C$18.49.

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.