Air Canada FY2024 EPS Increased by National Bank Financial

Air Canada (TSE:AC) – Analysts at National Bank Financial lifted their FY2024 earnings per share estimates for Air Canada in a research note issued on Tuesday, January 14th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $3.55 for the year, up from their prior 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.

A number of other research firms have also recently issued reports on AC. BMO Capital Markets lifted their target price on shares of Air Canada from C$29.00 to C$31.00 in a research note on Wednesday, December 18th. CIBC lifted their price objective on shares of Air Canada from C$27.00 to C$28.00 in a research note on Wednesday, December 4th. Stifel Nicolaus increased their target price on shares of Air Canada from C$25.50 to C$28.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. TD Cowen boosted their price target on Air Canada to C$25.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Stifel Canada raised Air Canada from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 3rd. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$26.60.

Air Canada Stock Down 1.0 %

AC opened at C$20.41 on Thursday. The company has a market capitalization of C$7.32 billion, a PE ratio of 4.56, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The business has a 50-day moving average of C$23.38 and a 200-day moving average of C$19.08. Air Canada has a fifty-two week low of C$14.47 and a fifty-two week 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.

Insiders Place Their Bets

In other news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of C$21.71, for a total value of C$130,246.80. Corporate insiders own 0.14% of the company’s stock.

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.