Cormark Has Positive Forecast for Air Canada Q2 Earnings

Air Canada (TSE:AC) – Stock analysts at Cormark lifted their Q2 2025 EPS estimates for Air Canada in a report released on Monday, November 4th. Cormark analyst D. Ocampo now forecasts that the company will post earnings per share of $1.32 for the quarter, up from their previous estimate of $1.20. The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share.

Air Canada (TSE:AC) last released its earnings results on Wednesday, August 7th. The company reported C$0.98 earnings per share for the quarter, beating 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 company had revenue of C$5.52 billion for the quarter, compared to the consensus estimate of C$5.55 billion.

AC has been the subject of a number of other reports. Canaccord Genuity Group upped their price target on shares of Air Canada from C$25.00 to C$29.00 in a research report on Monday. Stifel Nicolaus raised shares of Air Canada from a “hold” rating to a “buy” rating and upped their target price for the stock from C$20.00 to C$25.50 in a report on Monday. Scotiabank raised their price target on Air Canada from C$24.00 to C$26.50 in a report on Monday. TD Cowen boosted their price objective on Air Canada to C$25.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on Air Canada from C$32.00 to C$34.00 in a research report on Monday. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.25.

Air Canada Trading Up 4.4 %

Air Canada stock opened at C$23.16 on Tuesday. Air Canada has a 12-month low of C$14.47 and a 12-month high of C$23.21. The firm has a market capitalization of C$8.30 billion, a price-to-earnings ratio of 5.17, a P/E/G ratio of 0.02 and a beta of 2.39. The firm has a 50 day moving average of C$17.12 and a 200 day moving average of C$17.45. 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.

Insider Activity at Air Canada

In other Air Canada news, Senior Officer Christophe Hennebelle bought 1,900 shares of Air Canada stock in a transaction dated Friday, August 9th. The shares were purchased at an average cost of C$15.70 per share, for a total transaction of C$29,830.00. 0.14% of the stock is currently owned by insiders.

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.