FY2025 EPS Estimates for Air Canada Decreased by Analyst

Air Canada (TSE:AC) – National Bank Financial lowered their FY2025 earnings estimates for Air Canada in a report issued on Tuesday, January 14th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $2.54 per share for the year, down from their previous estimate of $2.68. The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share.

Other analysts have also issued research reports about the company. Stifel Canada upgraded Air Canada from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 3rd. Scotiabank raised their target price on shares of Air Canada from C$26.50 to C$29.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. National Bankshares increased their price objective on shares of Air Canada from C$22.00 to C$27.00 in a research report on Monday, November 4th. Raymond James upgraded Air Canada to a “moderate buy” rating in a research report on Tuesday, December 17th. Finally, Canaccord Genuity Group raised their price target on Air Canada from C$25.00 to C$29.00 in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Air Canada currently has a consensus rating of “Moderate Buy” and an average target price of C$26.60.

Air Canada Trading Down 1.0 %

Shares of AC opened at C$20.41 on Friday. The stock has a market capitalization of C$7.32 billion, a PE ratio of 4.56, a P/E/G ratio of 0.02 and a beta of 2.39. The company’s fifty day moving average is C$23.38 and its 200 day moving average is C$19.08. 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. Air Canada has a fifty-two week low of C$14.47 and a fifty-two week high of C$26.18.

Insider Activity

In related news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of C$21.71, for a total value of C$130,246.80. Company insiders own 0.14% of the company’s stock.

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.