Atb Cap Markets Forecasts Stronger Earnings for Air Canada

Air Canada (TSE:AC - Free Report) - Analysts at Atb Cap Markets boosted their Q2 2025 earnings per share (EPS) estimates for shares of Air Canada in a research report issued to clients and investors on Sunday, May 11th. Atb Cap Markets analyst C. Murray now anticipates that the company will earn $0.57 per share for the quarter, up from their prior forecast of $0.54. 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 FY2025 earnings at $1.68 EPS.

AC has been the subject of a number of other reports. Raymond James lowered their target price on Air Canada from C$28.00 to C$24.00 in a report on Tuesday, May 6th. JPMorgan Chase & Co. cut Air Canada from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from C$34.00 to C$24.00 in a research note on Monday, March 3rd. Scotiabank reduced their price objective on Air Canada from C$25.00 to C$21.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. BMO Capital Markets reduced their price objective on Air Canada from C$31.00 to C$29.00 and set an "outperform" rating for the company in a research note on Thursday, April 3rd. Finally, Canaccord Genuity Group raised their price objective on Air Canada from C$24.00 to C$27.00 in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$24.31.

Air Canada Trading Down 0.4%

Shares of AC traded down C$0.07 during mid-day trading on Tuesday, reaching C$18.73. 2,494,698 shares of the company were exchanged, compared to its average volume of 3,546,284. Air Canada has a 52 week low of C$12.69 and a 52 week high of C$26.18. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. The stock has a market capitalization of C$6.68 billion, a PE ratio of 2.64, a PEG ratio of 0.02 and a beta of 2.39. The business has a 50 day simple moving average of C$14.87 and a two-hundred day simple moving average of C$18.94.

Insider Transactions at Air Canada

In other Air Canada news, Director Vagn Sorensen acquired 11,440 shares of the stock in a transaction dated Wednesday, February 19th. The shares were acquired at an average cost of C$17.40 per share, for a total transaction of C$199,057.14. Also, Senior Officer Craig Landry acquired 7,909 shares of the stock in a transaction dated Monday, March 31st. The stock was acquired at an average price of C$13.99 per share, for a total transaction of C$110,646.91. Insiders have bought a total of 32,993 shares of company stock worth $538,251 in the last ninety days. 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.