Atb Cap Markets Forecasts Air Canada’s Q4 Earnings (TSE:AC)

Air Canada (TSE:AC) – Equities researchers at Atb Cap Markets increased their Q4 2024 earnings per share (EPS) estimates for shares of Air Canada in a note issued to investors on Tuesday, December 17th. Atb Cap Markets analyst C. Murray now anticipates that the company will earn ($0.01) per share for the quarter, up from their previous estimate 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 the company. TD Cowen boosted their price objective on Air Canada to C$25.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Stifel Canada upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 3rd. Cormark raised their price objective on shares of Air Canada from C$26.75 to C$29.50 in a research report on Wednesday. Jefferies Financial Group upped their target price on shares of Air Canada from C$18.00 to C$22.00 in a research report on Tuesday, November 5th. Finally, Raymond James raised shares of Air Canada to a “moderate buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Air Canada currently has a consensus rating of “Moderate Buy” and a consensus price target of C$26.67.

Air Canada Price Performance

Shares of Air Canada stock opened at C$21.96 on Friday. The stock has a market capitalization of C$7.87 billion, a price-to-earnings ratio of 4.90, a P/E/G ratio of 0.02 and a beta of 2.39. Air Canada has a 1-year low of C$14.47 and a 1-year high of C$26.18. The firm’s 50-day moving average price is C$22.25 and its two-hundred day moving average price is C$18.53. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99.

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.