Atb Cap Markets Analysts Cut Earnings Estimates for Air Canada (TSE:AC)

Air Canada (TSE:AC) – Stock analysts at Atb Cap Markets dropped their Q3 2024 EPS estimates for Air Canada in a research note issued on Thursday, May 2nd. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings of $1.97 per share for the quarter, down from their prior estimate of $2.10. The consensus estimate for Air Canada’s current full-year earnings is $2.90 per share. Atb Cap Markets also issued estimates for Air Canada’s Q2 2025 earnings at $1.04 EPS.

A number of other brokerages have also recently commented on AC. JPMorgan Chase & Co. upped their price target on shares of Air Canada from C$38.00 to C$41.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. CIBC dropped their target price on Air Canada from C$30.00 to C$28.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Canaccord Genuity Group boosted their price target on shares of Air Canada from C$31.00 to C$32.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. BMO Capital Markets reaffirmed a “buy” rating and set a C$32.00 target price on shares of Air Canada in a research report on Tuesday, February 20th. Finally, ATB Capital lifted their price target on shares of Air Canada from C$32.00 to C$33.00 in a report on Friday, May 3rd. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$30.12.

Air Canada Trading Down 1.6 %

Shares of AC stock opened at C$18.53 on Monday. The stock has a 50-day moving average of C$19.02 and a 200-day moving average of C$18.45. Air Canada has a 1-year low of C$16.04 and a 1-year high of C$26.04. The stock has a market cap of C$6.64 billion, a price-to-earnings ratio of 3.11, a PEG ratio of 0.02 and a beta of 2.42. The company has a current ratio of 1.02, a quick ratio of 1.06 and a debt-to-equity ratio of 1,741.46.

Air Canada (TSE:AC) last released its quarterly earnings data on Friday, February 16th. The company reported C($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.05) by C($0.07). The firm had revenue of C$5.18 billion during the quarter, compared to the consensus estimate of C$5.05 billion.

Insider Activity at Air Canada

In other news, Senior Officer Mark Youssef Nasr bought 2,406 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were purchased at an average price of C$18.21 per share, for a total transaction of C$43,823.37. 0.17% of the stock is 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.