2 weeks Ago By ABMN Staff
Air Canada ( TSE:AC – Free Report ) – Equities research analysts at National Bank Financial dropped their FY2024 earnings estimates for Air Canada in a research report issued on Tuesday, September 24th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings per share of $1.
86 for the year, down from their previous estimate of $2.10. The consensus estimate for Air Canada’s current full-year earnings is $2.
83 per share. AC has been the topic of a number of other research reports. Jefferies Financial Group dropped their price objective on Air Canada from C$19.
00 to C$16.00 and set a “hold” rating on the stock in a report on Monday, August 12th. Royal Bank of Canada dropped their price target on shares of Air Canada from C$18.
00 to C$17.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 23rd. JPMorgan Chase & Co.
cut their price objective on shares of Air Canada from C$41.00 to C$36.00 in a report on Thursday, August 8th.
CIBC dropped their target price on shares of Air Canada from C$28.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 23rd.
Finally, BMO Capital Markets reduced their price target on shares of Air Canada from C$33.00 to C$28.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th.
Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$23.60.
Air Canada Stock Down 0.9 % AC stock opened at C$16.52 on Friday.
The company’s 50 day moving average price is C$15.82 and its 200 day moving average price is C$17.55.
The firm has a market capitalization of C$5.92 billion, a price-to-earnings ratio of 3.69, a PEG ratio of 0.
02 and a beta of 2.39. Air Canada has a fifty-two week low of C$14.
47 and a fifty-two week high of C$20.47. The company has a debt-to-equity ratio of 1,070.
99, a quick ratio of 1.06 and a current ratio of 0.85.
Air Canada ( TSE:AC – Get Free Report ) last released its earnings results on Wednesday, August 7th. The company reported C$0.98 earnings per share for the quarter, beating the consensus estimate of C$0.
85 by C$0.13. The company had revenue of C$5.
52 billion during the quarter, compared to the consensus estimate of C$5.55 billion. Air Canada had a return on equity of 603.
77% and a net margin of 7.92%. Insiders Place Their Bets In related news, Senior Officer Christophe Hennebelle acquired 1,900 shares of the business’s stock in a transaction dated Friday, August 9th.
The shares were acquired at an average cost of C$15.70 per share, for a total transaction of C$29,830.00.
0.14% of the stock is owned by corporate insiders. About Air Canada ( Get Free Report ) 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. Featured Articles Receive News & Ratings for Air Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Canada and related companies with MarketBeat.
com's FREE daily email newsletter ..
