Scotiabank Issues Positive Estimate for Air Canada Earnings

Key Points

• Scotiabank raised its FY2026 EPS estimate for Air Canada to C$1.50 from C$1.40 and maintained a “Sector Outperform” rating with a C$33.50 price target. It forecasts FY2027 EPS of C$2.04.
• Air Canada recently reported quarterly EPS of C$0.40 on revenue of C$6.27 billion, with a 1.82% net margin and 16.92% return on equity.
• Analyst sentiment remains favorable: eight analysts rate the stock a Buy and three rate it Hold, producing a “Moderate Buy” consensus and average price target of C$32.29. Shares opened at C$28.81, down 1.3%.

Air Canada (TSE:AC - Free Report) - Stock analysts at Scotiabank lifted their FY2026 EPS estimates for shares of Air Canada in a research note issued to investors on Wednesday, August 19th. Scotiabank analyst K. Gupta now forecasts that the company will post earnings of $1.50 per share for the year, up from their previous forecast of $1.40. Scotiabank has a "Sector Outperform" rating and a $33.50 price objective on the stock. The consensus estimate for Air Canada's current full-year earnings is $2.58 per share. Scotiabank also issued estimates for Air Canada's FY2027 earnings at $2.04 EPS.

Air Canada (TSE:AC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.40 earnings per share for the quarter. The firm had revenue of C$6.27 billion for the quarter. Air Canada had a net margin of 1.82% and a return on equity of 16.92%.

A number of other research firms have also weighed in on AC. Stifel Nicolaus raised their target price on shares of Air Canada from C$30.00 to C$38.00 and gave the stock a "buy" rating in a research note on Wednesday. Canadian Imperial Bank of Commerce upped their price target on Air Canada from C$26.00 to C$40.00 in a research report on Friday, August 14th. UBS Group increased their price target on Air Canada from C$24.00 to C$33.00 in a report on Thursday, August 13th. National Bank Financial lifted their price objective on Air Canada from C$29.00 to C$40.00 and gave the stock an "outperform" rating in a research report on Thursday, August 13th. Finally, Royal Bank Of Canada boosted their price objective on Air Canada from C$28.00 to C$37.00 and gave the stock an "outperform" rating in a research note on Thursday, August 13th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$32.29.

Air Canada Stock Down 1.3%

Shares of TSE AC opened at C$28.81 on Friday. Air Canada has a 12-month low of C$16.45 and a 12-month high of C$31.45. The stock has a market cap of C$8.07 billion, a PE ratio of 21.99, a P/E/G ratio of 0.02 and a beta of 2.02. The company has a current ratio of 0.60, a quick ratio of 1.05 and a debt-to-equity ratio of 478.10. The company has a 50-day moving average of C$25.13 and a 200 day moving average of C$21.41.

Air Canada Company Profile

Air Canada is Canada's largest airline, the country's flag carrier and a founding member of Star Alliance, the world's most comprehensive air transportation network. Headquartered in Montréal, Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada's Aeroplan program is Canada's premier travel loyalty program, with more than 10 million members worldwide. Members can earn or redeem points on the world's largest airline partner network of more than 50 airlines, plus through an extensive range of merchandise, hotel and car rental partners.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source