Air Canada FY2024 EPS Raised by National Bank Financial

Air Canada (TSE:AC) – Analysts at National Bank Financial upped their FY2024 earnings per share estimates for shares of Air Canada in a research note issued to investors on Tuesday, January 14th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $3.55 per share for the year, up from their previous estimate of $3.54. The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share. National Bank Financial also issued estimates for Air Canada’s Q4 2024 earnings at $0.27 EPS and FY2026 earnings at $2.59 EPS.

Several other analysts also recently commented on AC. JPMorgan Chase & Co. lifted their target price on shares of Air Canada from C$32.00 to C$34.00 in a report on Monday, November 4th. Stifel Canada raised Air Canada from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 3rd. Jefferies Financial Group boosted their target price on shares of Air Canada from C$22.00 to C$23.00 in a research report on Monday, January 6th. National Bankshares increased their price target on shares of Air Canada from C$22.00 to C$27.00 in a research report on Monday, November 4th. Finally, Cormark upped their target price on Air Canada from C$26.75 to C$29.50 in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$26.60.

Air Canada Trading Down 3.0 %

Shares of Air Canada stock opened at C$20.62 on Thursday. The company has a market capitalization of C$7.39 billion, a price-to-earnings ratio of 4.60, a P/E/G ratio of 0.02 and a beta of 2.39. The business has a fifty day simple moving average of C$23.43 and a two-hundred day simple moving average of C$19.06. 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 1,070.99, a current ratio of 0.85 and a quick ratio of 1.06.

Insider Buying and Selling

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 transaction of C$130,246.80. 0.14% of the stock is 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.