Atb Cap Markets Predicts Air Canada’s Q4 Earnings (TSE:AC)

Air Canada (TSE:AC) – Investment analysts at Atb Cap Markets upped their Q4 2024 earnings per share (EPS) estimates for shares of Air Canada in a research note issued on Tuesday, December 17th. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings per share of ($0.01) for the quarter, up from their previous forecast 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 brokerages have also recently issued reports on AC. Stifel Nicolaus upped their target price on shares of Air Canada from C$25.50 to C$28.00 and gave the company a “buy” rating in a research report on Friday. Jefferies Financial Group upped their price target on shares of Air Canada from C$18.00 to C$22.00 in a report on Tuesday, November 5th. JPMorgan Chase & Co. upped their price objective on Air Canada from C$32.00 to C$34.00 in a research report on Monday, November 4th. Citigroup increased their target price on Air Canada from C$21.00 to C$28.50 in a research note on Monday, November 18th. Finally, Scotiabank boosted their target price on shares of Air Canada from C$26.50 to C$29.00 and gave the company an “outperform” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$26.67.

Air Canada Trading Up 1.1 %

Shares of AC opened at C$21.96 on Friday. The stock has a market capitalization of C$7.87 billion, a PE ratio of 4.90, a P/E/G ratio of 0.02 and a beta of 2.39. The company’s fifty day moving average is C$22.25 and its 200 day moving average is C$18.53. The company has a debt-to-equity ratio of 1,070.99, a quick ratio of 1.06 and a current ratio of 0.85. Air Canada has a fifty-two week low of C$14.47 and a fifty-two week high of C$26.18.

Air Canada Company Profile

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.