FY2027 Earnings Forecast for Air Canada Issued By Scotiabank

Air Canada (TSE:AC) – Equities researchers at Scotiabank dropped their FY2027 earnings per share estimates for Air Canada in a report released on Thursday, February 19th. Scotiabank analyst K. Gupta now forecasts that the company will post earnings of $1.88 per share 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.

Several other equities research analysts also recently weighed in on the stock. Raymond James Financial downgraded shares of Air Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday. UBS Group raised shares of Air Canada to a “hold” rating in a research note on Tuesday, November 18th. National Bank Financial raised their price objective on shares of Air Canada from C$24.00 to C$25.00 and gave the company a “sector perform” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce boosted their target price on Air Canada from C$23.00 to C$24.00 in a report on Wednesday, January 21st. Finally, Stifel Nicolaus upped their target price on Air Canada from C$24.00 to C$28.00 and gave the stock a “buy” rating in a research report on Tuesday. Eight 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$24.85.

Air Canada Trading Down 1.1%

TSE:AC opened at C$20.99 on Friday. The stock has a market cap of C$6.22 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.02 and a beta of 1.59. The company has a debt-to-equity ratio of 400.00, a quick ratio of 1.06 and a current ratio of 0.92. Air Canada has a 1 year low of C$12.69 and a 1 year high of C$23.72. The business has a fifty day moving average of C$19.64 and a 200-day moving average of C$19.03.

Air Canada Company Profile

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.