FY2024 EPS Estimates for Air Canada Boosted by Stifel Canada

Air Canada (TSE:AC) – Analysts at Stifel Canada boosted their FY2024 earnings per share estimates for Air Canada in a research note issued to investors on Sunday, November 3rd. Stifel Canada analyst D. Young now forecasts that the company will post earnings per share of $3.71 for the year, up from their prior estimate of $2.52. Stifel Canada has a “Strong-Buy” rating on the stock. The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share. Stifel Canada also issued estimates for Air Canada’s Q4 2024 earnings at $0.43 EPS and FY2025 earnings at $3.47 EPS.

Several other research analysts have also recently issued reports on AC. TD Securities reduced their price objective on Air Canada from C$25.00 to C$19.00 in a research note on Wednesday, July 24th. CIBC raised their target price on Air Canada from C$25.00 to C$27.00 in a report on Monday. Scotiabank raised their target price on Air Canada from C$24.00 to C$26.50 in a report on Monday. Raymond James dropped their target price on Air Canada from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a report on Tuesday, July 23rd. Finally, ATB Capital raised their target price on Air Canada from C$26.50 to C$28.00 in a report on Monday. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$25.27.

Air Canada Trading Up 2.0 %

Shares of TSE:AC opened at C$22.18 on Wednesday. Air Canada has a 52-week low of C$14.47 and a 52-week high of C$22.25. The stock has a market cap of C$7.95 billion, a price-to-earnings ratio of 4.95, a PEG ratio of 0.02 and a beta of 2.39. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,070.99. The business has a 50-day moving average price of C$16.97 and a 200-day moving average price of C$17.42.

Air Canada (TSE:AC) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.85 by C$0.13. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. The firm had revenue of C$5.52 billion during the quarter, compared to analysts’ expectations of C$5.55 billion.

Insider Buying and Selling at Air Canada

In related news, Senior Officer Christophe Hennebelle acquired 1,900 shares of Air Canada stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average price of C$15.70 per share, for a total transaction of C$29,830.00. 0.14% of the stock is owned by corporate insiders.

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.