FY2027 Earnings Forecast for Air Canada Issued By Cormark

Air Canada (TSE:AC) – Equities researchers at Cormark issued their FY2027 earnings estimates for Air Canada in a research report issued to clients and investors on Wednesday, December 18th. Cormark analyst D. Ocampo forecasts that the company will earn $2.92 per share for the year. The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share.

A number of other research firms have also recently commented on AC. Scotiabank lifted their target price on Air Canada from C$26.50 to C$29.00 and gave the stock an “outperform” rating in a research note on Wednesday. TD Cowen lifted their price objective on shares of Air Canada to C$25.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. National Bankshares increased their price target on shares of Air Canada from C$22.00 to C$27.00 in a report on Monday, November 4th. Stifel Canada raised shares of Air Canada from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 3rd. Finally, BMO Capital Markets boosted their price target on shares of Air Canada from C$29.00 to C$31.00 in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$26.67.

Air Canada Stock Performance

AC opened at C$21.96 on Friday. The company has a market cap of C$7.87 billion, a price-to-earnings ratio of 4.90, a PEG ratio of 0.02 and a beta of 2.39. The company’s fifty day moving average price is C$22.25 and its two-hundred day moving average price is C$18.53. Air Canada has a 1-year low of C$14.47 and a 1-year high of C$26.18. 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.

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.