Air Canada Q1 EPS Reduced by National Bank Financial

Air Canada (TSE:AC) – Analysts at National Bank Financial lowered their Q1 2025 earnings estimates for Air Canada in a research note issued on Wednesday, April 9th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of ($0.56) per share for the quarter, down from their previous forecast of ($0.33). The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share. National Bank Financial also issued estimates for Air Canada’s FY2025 earnings at $1.37 EPS and FY2026 earnings at $1.98 EPS.

Other equities research analysts also recently issued research reports about the company. ATB Capital raised their price target on Air Canada from C$28.00 to C$31.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. National Bankshares decreased their price objective on Air Canada from C$27.00 to C$23.00 in a report on Thursday, April 10th. Stifel Nicolaus dropped their target price on Air Canada from C$28.00 to C$26.00 in a research report on Tuesday, February 18th. Jefferies Financial Group cut shares of Air Canada from a “hold” rating to an “underperform” rating and reduced their price target for the company from C$18.00 to C$12.00 in a research report on Tuesday, April 1st. Finally, Raymond James upgraded shares of Air Canada to a “moderate buy” rating in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$23.69.

Air Canada Stock Performance

Air Canada stock opened at C$13.97 on Monday. Air Canada has a fifty-two week low of C$12.69 and a fifty-two week high of C$26.18. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. The stock has a market cap of C$4.98 billion, a P/E ratio of 1.97, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The firm’s fifty day moving average price is C$15.63 and its 200-day moving average price is C$19.24.

Insiders Place Their Bets

In related news, Senior Officer Craig Landry purchased 13,644 shares of Air Canada stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of C$16.75 per share, for a total transaction of C$228,546.55. Also, Director Vagn Sorensen purchased 11,440 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average cost of C$17.40 per share, with a total value of C$199,057.14. In the last 90 days, insiders acquired 32,993 shares of company stock worth $538,251. 0.14% of the stock is currently owned by company 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.