What is Cormark’s Forecast for Air Canada Q2 Earnings?

Air Canada (TSE:AC) – Equities researchers at Cormark lowered their Q2 2025 earnings per share estimates for Air Canada in a research report issued on Tuesday, February 18th. Cormark analyst D. Ocampo now anticipates that the company will earn $0.64 per share for the quarter, down from their previous forecast of $0.75. The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share. Cormark also issued estimates for Air Canada’s FY2025 earnings at $2.25 EPS.

A number of other research analysts have also recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of Air Canada from C$28.00 to C$26.00 in a research note on Tuesday. BMO Capital Markets lifted their price objective on Air Canada from C$29.00 to C$31.00 in a research report on Wednesday, December 18th. TD Cowen raised their target price on Air Canada to C$25.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Citigroup reduced their price target on shares of Air Canada from C$28.50 to C$26.50 and set a “buy” rating on the stock in a research report on Monday, December 30th. Finally, CIBC lowered their price objective on shares of Air Canada from C$28.00 to C$24.00 in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$26.20.

Air Canada Trading Down 1.5 %

Shares of Air Canada stock opened at C$17.48 on Wednesday. Air Canada has a 12-month low of C$14.47 and a 12-month high of C$26.18. The stock has a market capitalization of C$6.24 billion, a P/E ratio of 2.46, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a 50-day simple moving average of C$20.99 and a 200 day simple moving average of C$19.37. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00.

Insider Transactions at Air Canada

In related news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of C$21.71, for a total transaction of C$130,246.80. Corporate insiders own 0.14% of the company’s stock.

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.