Scotiabank Analysts Reduce Earnings Estimates for Air Canada

Air Canada (TSE:AC) – Stock analysts at Scotiabank cut their FY2025 earnings per share estimates for Air Canada in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst K. Gupta now anticipates that the company will post earnings per share of $1.78 for the year, down from their previous estimate of $2.04. Scotiabank currently has a “Outperform” rating and a $29.00 price target on the stock. The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share.

Several other research firms have also recently issued reports on AC. ATB Capital increased their target price on Air Canada from C$28.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Jefferies Financial Group cut their price target on Air Canada from C$23.00 to C$18.00 in a report on Monday, February 24th. Citigroup cut their price target on Air Canada from C$28.50 to C$26.50 and set a “buy” rating for the company in a report on Monday, December 30th. BMO Capital Markets raised their price target on Air Canada from C$29.00 to C$31.00 in a report on Wednesday, December 18th. Finally, Cormark raised their price target on Air Canada from C$26.75 to C$29.50 in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$25.20.

Air Canada Stock Performance

TSE:AC opened at C$15.23 on Monday. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. Air Canada has a 12-month low of C$14.47 and a 12-month high of C$26.18. The stock has a 50-day moving average price of C$17.85 and a 200 day moving average price of C$19.50. The stock has a market capitalization of C$5.43 billion, a P/E ratio of 2.14, a P/E/G ratio of 0.02 and a beta of 2.39.

Insider Transactions at Air Canada

In other Air Canada news, Director Vagn Sorensen purchased 11,440 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was purchased at an average cost of C$17.40 per share, with a total value of C$199,057.14. Also, Senior Officer Craig Landry purchased 13,644 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of C$16.75 per share, with a total value of C$228,546.55. Company insiders own 0.14% of the company’s stock.

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.