National Bank Financial Weighs in on Air Canada Q3 Earnings

Key Points

• National Bank Financial has reduced its Q3 2025 EPS estimate for Air Canada from $1.72 to $0.76, maintaining a "Hold" rating on the stock.
• The consensus estimate for Air Canada's full-year earnings is currently $2.58 per share, with future FY2025 and FY2026 estimates at $0.93 and $2.07 EPS, respectively.
• Shares of Air Canada opened at C$17.98, with a market capitalization of C$5.32 billion and a recent trading down of 2.2%.

Air Canada (TSE:AC - Free Report) - Stock analysts at National Bank Financial reduced their Q3 2025 EPS estimates for Air Canada in a research note issued on Tuesday, September 23rd. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings per share of $0.76 for the quarter, down from their previous forecast of $1.72. National Bank Financial currently has a "Hold" rating on the stock. 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 FY2025 earnings at $0.93 EPS and FY2026 earnings at $2.07 EPS.

A number of other equities research analysts also recently issued reports on AC. Citigroup set a C$25.00 price objective on Air Canada and gave the company a "buy" rating in a research report on Monday, June 30th. Scotiabank decreased their price target on Air Canada from C$27.00 to C$26.00 and set an "outperform" rating on the stock in a report on Wednesday, September 3rd. Stifel Nicolaus lifted their price objective on shares of Air Canada from C$23.00 to C$25.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. National Bankshares cut shares of Air Canada from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from C$26.00 to C$22.00 in a research report on Wednesday. Finally, Royal Bank Of Canada lowered their target price on shares of Air Canada from C$27.00 to C$25.00 and set an "outperform" rating for the company in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$25.10.

Air Canada Trading Down 2.2%

Shares of AC stock opened at C$17.98 on Friday. The stock has a market capitalization of C$5.32 billion, a price-to-earnings ratio of 4.55, a price-to-earnings-growth ratio of 0.02 and a beta of 1.73. The stock's 50-day moving average price is C$19.52 and its 200-day moving average price is C$18.02. The company has a current ratio of 0.92, a quick ratio of 1.06 and a debt-to-equity ratio of 400.00. Air Canada has a 12-month low of C$12.69 and a 12-month high of C$26.18.

About Air Canada

Air Canada is Canada's largest airline, generally serving nearly 50 million passengers each year together with its regional partners. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2019, the company generated CAD 19 billion in total revenue.

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