Air Canada (TSE:AC) Stock Price Expected to Rise, Cormark Analyst Says

Air Canada (TSE:AC) had its price objective increased by Cormark from C$21.75 to C$26.75 in a research report sent to investors on Monday morning, BayStreet.CA reports. Cormark also issued estimates for Air Canada’s Q2 2025 earnings at $1.32 EPS.

Other analysts also recently issued research reports about the stock. Stifel Nicolaus raised shares of Air Canada from a “hold” rating to a “buy” rating and increased their price objective for the company from C$20.00 to C$25.50 in a research report on Monday. Jefferies Financial Group raised their price target on shares of Air Canada from C$16.00 to C$18.00 in a report on Wednesday, October 2nd. National Bankshares boosted their price objective on shares of Air Canada from C$22.00 to C$27.00 in a report on Monday. CIBC lowered their target price on Air Canada from C$28.00 to C$25.00 and set an “outperform” rating for the company in a research note on Tuesday, July 23rd. Finally, TD Securities cut their price target on Air Canada from C$25.00 to C$19.00 in a research note on Wednesday, July 24th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Air Canada has a consensus rating of “Moderate Buy” and an average price target of C$24.98.

Air Canada Stock Up 1.1 %

Shares of Air Canada stock opened at C$21.74 on Monday. Air Canada has a twelve month low of C$14.47 and a twelve month high of C$21.97. The stock has a market cap of C$7.79 billion, a price-to-earnings ratio of 4.85, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. 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 fifty day moving average price of C$16.84 and a 200 day moving average price of C$17.41.

Air Canada (TSE:AC) last issued its earnings results on Wednesday, August 7th. The company reported C$0.98 earnings per share for the quarter, topping the consensus estimate of C$0.85 by C$0.13. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. The company had revenue of C$5.52 billion during the quarter, compared to the consensus estimate of C$5.55 billion. Equities research analysts forecast that Air Canada will post 2.5789474 earnings per share for the current fiscal year.

Insider Activity at Air Canada

In other Air Canada news, Senior Officer Christophe Hennebelle acquired 1,900 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was purchased at an average price of C$15.70 per share, with a total value of C$29,830.00. Corporate 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.