Scotiabank Estimates Air Canada’s FY2025 Earnings (TSE:AC)

Air Canada (TSE:AC) – Scotiabank lowered their FY2025 earnings per share estimates for shares of Air Canada in a research report issued on Wednesday, March 19th. Scotiabank analyst K. Gupta now forecasts that the company will earn $1.78 per share for the year, down from their prior estimate of $2.04. Scotiabank currently has a “Outperform” rating and a $29.00 target price on the stock. The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share.

Several other brokerages also recently commented on AC. JPMorgan Chase & Co. downgraded shares of Air Canada from an “overweight” rating to a “neutral” rating and reduced their target price for the company from C$34.00 to C$24.00 in a research note on Monday, March 3rd. Raymond James raised shares of Air Canada to a “moderate buy” rating in a research note on Tuesday, December 17th. Cormark lifted their target price on shares of Air Canada from C$26.75 to C$29.50 in a research note on Wednesday, December 18th. Citigroup decreased their price target on Air Canada from C$28.50 to C$26.50 and set a “buy” rating on the stock in a research report on Monday, December 30th. Finally, BMO Capital Markets lifted their price objective on Air Canada from C$29.00 to C$31.00 in a research report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$25.20.

Air Canada Stock Performance

Shares of TSE:AC opened at C$15.23 on Monday. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06. The business’s fifty day moving average price is C$17.61 and its two-hundred day moving average price is C$19.44. Air Canada has a fifty-two week low of C$14.47 and a fifty-two week high of C$26.18. The stock has a market capitalization of C$5.43 billion, a price-to-earnings ratio of 2.14, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39.

Insider Buying and Selling at Air Canada

In other news, Director Vagn Sorensen purchased 11,440 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was acquired at an average cost of C$17.40 per share, with a total value of C$199,057.14. Also, Senior Officer Craig Landry acquired 13,644 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of C$16.75 per share, for a total transaction of C$228,546.55. 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.