Analysts Offer Predictions for Air Canada FY2024 Earnings

Air Canada (TSE:AC) – Stock analysts at Atb Cap Markets lifted their FY2024 earnings estimates for Air Canada in a report issued on Tuesday, December 17th. Atb Cap Markets analyst C. Murray now anticipates that the company will earn $3.32 per share for the year, up from their prior forecast of $3.18. 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 Q3 2025 earnings at $2.14 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $2.22 EPS and FY2026 earnings at $2.01 EPS.

AC has been the topic of a number of other reports. JPMorgan Chase & Co. raised their price target on Air Canada from C$32.00 to C$34.00 in a report on Monday, November 4th. Citigroup boosted their price target on Air Canada from C$21.00 to C$28.50 in a report on Monday, November 18th. National Bankshares increased their price objective on shares of Air Canada from C$22.00 to C$27.00 in a report on Monday, November 4th. BMO Capital Markets raised their price objective on Air Canada from C$29.00 to C$31.00 in a research report on Wednesday. Finally, Cormark boosted their target price on Air Canada from C$26.75 to C$29.50 in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$26.50.

Air Canada Price Performance

Shares of AC stock traded up C$0.24 on Thursday, hitting C$21.82. 402,642 shares of the stock traded hands, compared to its average volume of 2,573,661. The company has a debt-to-equity ratio of 1,070.99, a current ratio of 0.85 and a quick ratio of 1.06. Air Canada has a 52 week low of C$14.47 and a 52 week high of C$26.18. The firm has a 50 day simple moving average of C$22.03 and a two-hundred day simple moving average of C$18.49. The firm has a market cap of C$7.82 billion, a price-to-earnings ratio of 4.87, a PEG ratio of 0.02 and a beta of 2.39.

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.