Cormark Brokers Lower Earnings Estimates for Air Canada

Air Canada (TSE:AC - Free Report) - Research analysts at Cormark cut their Q2 2025 earnings estimates for shares of Air Canada in a note issued to investors on Monday, May 12th. Cormark analyst D. Ocampo now expects that the company will post earnings per share of $0.42 for the quarter, down from their prior estimate of $0.64. The consensus estimate for Air Canada's current full-year earnings is $2.58 per share. Cormark also issued estimates for Air Canada's Q3 2025 earnings at $1.79 EPS, Q4 2025 earnings at $0.03 EPS, FY2025 earnings at $1.73 EPS, Q1 2026 earnings at ($0.27) EPS, Q2 2026 earnings at $0.70 EPS, Q3 2026 earnings at $1.93 EPS, Q4 2026 earnings at $0.07 EPS, FY2026 earnings at $2.43 EPS and FY2027 earnings at $2.35 EPS.

Several other research analysts have also recently weighed in on AC. National Bankshares lowered their target price on Air Canada from C$27.00 to C$23.00 in a report on Thursday, April 10th. Jefferies Financial Group downgraded shares of Air Canada from a "hold" rating to an "underperform" rating and reduced their target price for the stock from C$18.00 to C$12.00 in a research note on Tuesday, April 1st. CIBC cut their target price on Air Canada from C$24.00 to C$21.00 in a research note on Thursday, April 10th. Stifel Nicolaus boosted their price objective on shares of Air Canada from C$22.00 to C$23.00 in a report on Monday, May 12th. Finally, JPMorgan Chase & Co. lowered shares of Air Canada from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from C$34.00 to C$24.00 in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$24.31.

Air Canada Stock Performance

Shares of Air Canada stock traded down C$0.06 during midday trading on Thursday, hitting C$18.67. The company had a trading volume of 1,106,927 shares, compared to its average volume of 3,519,833. The company has a fifty day simple moving average of C$14.94 and a 200 day simple moving average of C$18.94. The stock has a market cap of C$6.66 billion, a price-to-earnings ratio of 2.63, a PEG ratio of 0.02 and a beta of 2.39. Air Canada has a 12-month low of C$12.69 and a 12-month high of C$26.18. The company has a quick ratio of 1.06, a current ratio of 0.92 and a debt-to-equity ratio of 400.00.

Insider Transactions at Air Canada

In other news, Director Vagn Sorensen purchased 11,440 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was acquired 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 company's stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of C$16.75 per share, for a total transaction of C$228,546.55. Insiders have bought a total of 32,993 shares of company stock worth $538,251 in the last three months. 0.14% of the stock is currently owned by company insiders.

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.