Atb Cap Markets Expects Stronger Earnings for Air Canada

Air Canada (TSE:AC) – Equities research analysts at Atb Cap Markets boosted their FY2024 earnings per share (EPS) estimates for Air Canada in a research report issued to clients and investors on Tuesday, December 17th. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings per share of $3.32 for the year, up from their previous forecast of $3.18. The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share. Atb Cap Markets also issued estimates for Air Canada’s Q3 2025 earnings at $2.14 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $2.22 EPS and FY2026 earnings at $2.01 EPS.

A number of other equities analysts have also issued reports on the company. TD Cowen upped their target price on Air Canada to C$25.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. ATB Capital upped their price target on shares of Air Canada from C$28.00 to C$31.00 and gave the company an “outperform” rating in a report on Wednesday. Canaccord Genuity Group raised their price objective on shares of Air Canada from C$25.00 to C$29.00 in a report on Monday, November 4th. Scotiabank upped their target price on shares of Air Canada from C$26.50 to C$29.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Cormark increased their price target on shares of Air Canada from C$26.75 to C$29.50 in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$26.50.

Air Canada Trading Up 0.6 %

Shares of AC opened at C$21.72 on Thursday. Air Canada has a one year low of C$14.47 and a one year high of C$26.18. The stock has a 50-day moving average price of C$22.14 and a 200 day moving average price of C$18.51. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85. The company has a market capitalization of C$7.79 billion, a P/E ratio of 4.85, a P/E/G ratio of 0.02 and a beta of 2.39.

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.