Q4 EPS Estimates for Air Canada Raised by Atb Cap Markets

Air Canada (TSE:AC) – Investment analysts at Atb Cap Markets boosted their Q4 2024 earnings per share (EPS) estimates for Air Canada in a note issued to investors on Tuesday, December 17th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings of ($0.01) per share for the quarter, up from their previous estimate of ($0.04). 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 Q1 2025 earnings at ($0.45) EPS, Q2 2025 earnings at $0.51 EPS, Q4 2025 earnings at ($0.23) EPS, FY2025 earnings at $1.99 EPS and Q1 2026 earnings at ($0.57) EPS.

Several other research analysts also recently issued reports on AC. Stifel Canada upgraded shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 3rd. Stifel Nicolaus lifted their target price on Air Canada from C$25.50 to C$28.00 and gave the stock a “buy” rating in a report on Friday. Citigroup boosted their price target on Air Canada from C$21.00 to C$28.50 in a research note on Monday, November 18th. BMO Capital Markets increased their price objective on Air Canada from C$29.00 to C$31.00 in a research report on Wednesday. Finally, Scotiabank boosted their target price on Air Canada from C$26.50 to C$29.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Air Canada presently has a consensus rating of “Moderate Buy” and an average price target of C$26.67.

Air Canada Stock Performance

Shares of Air Canada stock opened at C$21.96 on Friday. Air Canada has a 1 year low of C$14.47 and a 1 year high of C$26.18. The firm’s 50-day moving average is C$22.25 and its 200 day moving average is C$18.53. The stock has a market cap of C$7.87 billion, a price-to-earnings ratio of 4.90, a PEG ratio of 0.02 and a beta of 2.39. The company has a debt-to-equity ratio of 1,070.99, a current ratio of 0.85 and a quick ratio of 1.06.

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.