FY2027 Earnings Estimate for Air Canada Issued By Scotiabank

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

Other research analysts have also issued reports about the company. Royal Bank Of Canada set a C$25.00 price objective on Air Canada and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Raymond James Financial lowered Air Canada from a “moderate buy” rating to a “hold” rating in a research note on Tuesday. UBS Group upgraded Air Canada to a “hold” rating in a research report on Tuesday, November 18th. Stifel Nicolaus boosted their price objective on Air Canada from C$24.00 to C$28.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Canadian Imperial Bank of Commerce raised their target price on shares of Air Canada from C$23.00 to C$24.00 in a research note on Wednesday, January 21st. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.85.

Air Canada Stock Performance

Shares of Air Canada stock 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 firm has a 50 day simple moving average of C$19.69 and a 200 day simple moving average of C$19.04. Air Canada has a fifty-two week low of C$12.69 and a fifty-two week high of C$23.72. The firm has a market cap of C$6.23 billion, a P/E ratio of 11.31, a P/E/G 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.