FY2027 Earnings Estimate for Air Canada Issued By Scotiabank

Air Canada (TSE:AC) – Analysts at Scotiabank dropped their FY2027 earnings estimates for Air Canada in a research report issued on Thursday, February 19th. Scotiabank analyst K. Gupta now anticipates that the company will post earnings per share of $1.88 for the year, down from their previous estimate of $1.90. Scotiabank currently has a “Outperform” rating and a $27.00 target price on the stock. The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share.

AC has been the subject of a number of other reports. Raymond James Financial lowered Air Canada from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, February 17th. UBS Group upgraded Air Canada to a “hold” rating in a report on Tuesday, November 18th. Stifel Nicolaus raised their target price on Air Canada from C$24.00 to C$28.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce boosted their price target on shares of Air Canada from C$23.00 to C$24.00 in a research report on Wednesday, January 21st. Finally, National Bank Financial raised their price objective on shares of Air Canada from C$24.00 to C$25.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$24.85.

Air Canada Trading Up 0.2%

AC opened at C$21.03 on Friday. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06. The company’s 50 day simple moving average is C$19.69 and its two-hundred day simple moving average is C$19.05. Air Canada has a 1-year low of C$12.69 and a 1-year high of C$23.72. The firm has a market capitalization of C$6.23 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 0.02 and a beta of 1.59.

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.