FY2024 EPS Estimates for Air Canada Boosted by Stifel Canada

Air Canada (TSE:AC) – Equities researchers at Stifel Canada increased their FY2024 earnings per share (EPS) estimates for shares of Air Canada in a note issued to investors on Sunday, November 3rd. Stifel Canada analyst D. Young now forecasts that the company will post earnings of $3.71 per share for the year, up from their previous estimate of $2.52. Stifel Canada currently has a “Strong-Buy” rating on the stock. The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share. Stifel Canada also issued estimates for Air Canada’s Q4 2024 earnings at $0.43 EPS and FY2025 earnings at $3.47 EPS.

AC has been the topic of several other research reports. ATB Capital boosted their price objective on Air Canada from C$26.50 to C$28.00 in a report on Monday. Stifel Nicolaus raised Air Canada from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$20.00 to C$25.50 in a research note on Monday. Jefferies Financial Group boosted their target price on Air Canada from C$18.00 to C$22.00 in a research note on Tuesday. Royal Bank of Canada lowered their target price on Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 23rd. Finally, National Bankshares boosted their target price on Air Canada from C$22.00 to C$27.00 in a research note on Monday. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$25.27.

Air Canada Price Performance

AC stock opened at C$22.18 on Wednesday. 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$7.95 billion, a PE ratio of 4.95, a P/E/G ratio of 0.02 and a beta of 2.39. Air Canada has a 12-month low of C$14.47 and a 12-month high of C$22.25. The business’s fifty day moving average price is C$16.97 and its 200 day moving average price is C$17.42.

Air Canada (TSE:AC) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.85 by C$0.13. The firm had revenue of C$5.52 billion for the quarter, compared to the consensus estimate of C$5.55 billion. Air Canada had a return on equity of 603.77% and a net margin of 7.92%.

Insider Activity

In other news, Senior Officer Christophe Hennebelle bought 1,900 shares of Air Canada stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of C$15.70 per share, with a total value of C$29,830.00. 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.