National Bank Financial Estimates Air Canada FY2024 Earnings

Air Canada (TSE:AC) – Research analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for Air Canada in a research note issued to investors on Tuesday, January 14th. National Bank Financial analyst C. Doerksen now expects that the company will earn $3.55 per share for the year, up from their prior forecast of $3.54. The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share. National Bank Financial also issued estimates for Air Canada’s Q4 2024 earnings at $0.27 EPS and FY2026 earnings at $2.59 EPS.

Several other equities research analysts have also recently issued reports on AC. Jefferies Financial Group lifted their price objective on shares of Air Canada from C$22.00 to C$23.00 in a research report on Monday, January 6th. National Bankshares lifted their price target on shares of Air Canada from C$22.00 to C$27.00 in a report on Monday, November 4th. ATB Capital increased their price objective on shares of Air Canada from C$28.00 to C$31.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. TD Cowen lifted their target price on Air Canada to C$25.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. increased their price target on Air Canada from C$32.00 to C$34.00 in a research note on Monday, November 4th. Two 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 company. Based on data from MarketBeat.com, Air Canada presently has an average rating of “Moderate Buy” and an average price target of C$26.60.

Air Canada Stock Up 0.2 %

Shares of AC opened at C$20.45 on Thursday. Air Canada has a 12-month low of C$14.47 and a 12-month high of C$26.18. The company has a current ratio of 0.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1,070.99. The company has a market capitalization of C$7.33 billion, a PE ratio of 4.56, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The business’s 50 day moving average is C$23.29 and its 200 day moving average is C$19.12.

Insider Transactions at Air Canada

In other news, Senior Officer Arielle Meloul-Wechsler sold 6,000 shares of Air Canada 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. Company 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.