Air Canada FY2024 EPS Estimate Increased by Stifel Canada

Air Canada (TSE:AC) – Equities researchers at Stifel Canada increased their FY2024 earnings estimates for shares of Air Canada in a report issued on Sunday, November 3rd. Stifel Canada analyst D. Young now anticipates that the company will post earnings of $3.71 per share for the year, up from their previous forecast 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.

AC has been the topic of several other reports. Citigroup upped their price target on shares of Air Canada from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. BMO Capital Markets upped their target price on shares of Air Canada from C$28.00 to C$29.00 in a research note on Monday. ATB Capital upped their target price on shares of Air Canada from C$26.50 to C$28.00 in a research note on Monday. Cormark increased their price objective on shares of Air Canada from C$21.75 to C$26.75 in a research note on Monday. Finally, Royal Bank of Canada dropped their price objective on shares of Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$25.25.

Air Canada Stock Down 0.1 %

Shares of TSE AC opened at C$23.14 on Wednesday. The firm’s 50-day moving average price is C$17.12 and its 200-day moving average price is 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. The stock 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. Air Canada has a 12-month low of C$14.47 and a 12-month high of C$23.70.

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

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.