Q4 EPS Estimates for Air Canada Raised by Atb Cap Markets

Air Canada (TSE:AC) – Stock analysts at Atb Cap Markets increased their Q4 2024 earnings per share 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 per share of ($0.01) for the quarter, up from their previous forecast of ($0.04). 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 Q1 2025 earnings at ($0.45) EPS, Q2 2025 earnings at $0.51 EPS, Q4 2025 earnings at ($0.23) EPS, FY2025 earnings at $1.99 EPS and Q1 2026 earnings at ($0.57) EPS.

A number of other equities analysts have also commented on AC. Stifel Nicolaus upgraded shares of Air Canada from a “hold” rating to a “buy” rating and boosted their price target for the company from C$20.00 to C$25.50 in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on Air Canada from C$32.00 to C$34.00 in a report on Monday, November 4th. Canaccord Genuity Group raised their price target on Air Canada from C$25.00 to C$29.00 in a report on Monday, November 4th. National Bankshares lifted their price objective on Air Canada from C$22.00 to C$27.00 in a research report on Monday, November 4th. Finally, Citigroup increased their target price on Air Canada from C$21.00 to C$28.50 in a report on Monday, November 18th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$26.50.

Air Canada Price Performance

Air Canada stock opened at C$21.72 on Friday. The business has a 50 day simple moving average of C$22.14 and a 200 day simple moving average of C$18.51. 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. The company has a market capitalization of C$7.79 billion, a PE ratio of 4.85, a price-to-earnings-growth 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.

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.