FY2025 Earnings Estimate for Air Canada Issued By Scotiabank

Air Canada (TSE:AC) – Research analysts at Scotiabank reduced their FY2025 earnings estimates for Air Canada in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst K. Gupta now forecasts that the company will post earnings per share of $1.78 for the year, down from their prior forecast of $2.04. Scotiabank has a “Outperform” rating and a $29.00 price objective on the stock. The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share.

A number of other analysts have also issued reports on AC. Stifel Nicolaus decreased their price objective on Air Canada from C$28.00 to C$26.00 in a research note on Tuesday, February 18th. CIBC cut their price objective on shares of Air Canada from C$28.00 to C$24.00 in a research report on Tuesday, February 18th. Raymond James raised shares of Air Canada to a “moderate buy” rating in a report on Tuesday, December 17th. Jefferies Financial Group cut their price target on shares of Air Canada from C$23.00 to C$18.00 in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. downgraded Air Canada from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from C$34.00 to C$24.00 in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Air Canada currently has a consensus rating of “Moderate Buy” and an average target price of C$25.20.

Air Canada Trading Up 0.8 %

Shares of AC stock opened at C$15.35 on Monday. The stock has a market capitalization of C$5.48 billion, a price-to-earnings ratio of 2.16, a PEG ratio of 0.02 and a beta of 2.39. The company’s fifty day simple moving average is C$17.73 and its two-hundred day simple moving average is C$19.47. Air Canada has a 1 year low of C$14.47 and a 1 year high of C$26.18. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06.

Insider Buying and Selling at Air Canada

In related news, Senior Officer Craig Landry acquired 13,644 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of C$16.75 per share, for a total transaction of C$228,546.55. Also, Director Vagn Sorensen bought 11,440 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were bought at an average cost of C$17.40 per share, for a total transaction of C$199,057.14. 0.14% of the stock is currently owned by corporate 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.