Atb Cap Markets Boosts Earnings Estimates for Air Canada

Air Canada (TSE:AC) – Equities researchers at Atb Cap Markets increased their FY2024 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 $3.32 per share for the year, up from their prior 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.

Other analysts have also recently issued reports about the stock. Scotiabank upped their price target on shares of Air Canada from C$26.50 to C$29.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD Cowen upped their target price on Air Canada to C$25.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. ATB Capital increased their target price on Air Canada from C$28.00 to C$31.00 and gave the company an “outperform” rating in a research note on Wednesday. Cormark boosted their price target on Air Canada from C$26.75 to C$29.50 in a research report on Wednesday. Finally, Stifel Canada upgraded Air Canada from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 3rd. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Air Canada presently has a consensus rating of “Moderate Buy” and an average target price of C$26.67.

Air Canada Price Performance

Air Canada stock opened at C$21.96 on Thursday. The firm has a fifty day moving average of C$22.25 and a 200-day moving average of C$18.53. Air Canada has a 52-week low of C$14.47 and a 52-week high of C$26.18. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,070.99. The firm has a market capitalization of C$7.87 billion, a P/E ratio of 4.90, a PEG ratio of 0.02 and a beta of 2.39.

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.