Air Canada FY2024 EPS Estimate Increased by Atb Cap Markets

Air Canada (TSE:AC) – Analysts at Atb Cap Markets boosted their FY2024 EPS estimates for shares of Air Canada in a research report issued on Tuesday, December 17th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings of $3.32 per share for the year, up from their prior forecast 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.

AC has been the topic of several other reports. TD Cowen boosted their target price on shares of Air Canada to C$25.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. BMO Capital Markets boosted their price objective on shares of Air Canada from C$29.00 to C$31.00 in a report on Wednesday. ATB Capital increased their target price on shares of Air Canada from C$28.00 to C$31.00 and gave the company an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Air Canada from C$32.00 to C$34.00 in a research report on Monday, November 4th. Finally, National Bankshares upped their price target on Air Canada from C$22.00 to C$27.00 in a report on Monday, November 4th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$26.50.

Air Canada Stock Performance

Shares of AC opened at C$21.72 on Thursday. Air Canada has a 1 year low of C$14.47 and a 1 year high of C$26.18. The stock has a market capitalization of C$7.79 billion, a P/E ratio of 4.85, a P/E/G ratio of 0.02 and a beta of 2.39. 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. The company’s fifty day moving average is C$22.14 and its two-hundred day moving average is C$18.51.

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.