Air Canada Stock Gets Reduced EPS Forecast from Scotiabank

Air Canada (TSE:AC) – Analysts at Scotiabank decreased their FY2026 earnings estimates for shares of Air Canada in a research note issued on Thursday, October 22nd. Scotiabank analyst K. Gupta now forecasts that the company will post earnings per share of $0.80 for the year, down from their prior forecast of $1.50. Scotiabank currently has a “Sector Outperform” rating and a $33.00 target price on the stock. The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share. Scotiabank also issued estimates for Air Canada’s FY2027 earnings at $1.37 EPS.

AC has been the subject of a number of other research reports. Stifel Nicolaus raised their price objective on Air Canada from C$30.00 to C$38.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. BMO Capital Markets upped their target price on Air Canada from C$30.00 to C$37.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Canadian Imperial Bank of Commerce increased their target price on Air Canada from C$26.00 to C$40.00 in a research note on Friday, August 14th. Royal Bank Of Canada raised their price target on shares of Air Canada from C$28.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. Finally, UBS Group lifted their price target on shares of Air Canada from C$24.00 to C$33.00 in a research note on Thursday, August 13th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Air Canada has an average rating of “Moderate Buy” and an average price target of C$32.73.

Air Canada Stock Up 2.1%

Shares of Air Canada stock opened at C$21.55 on Tuesday. Air Canada has a twelve month low of C$16.45 and a twelve month high of C$31.45. The stock has a market cap of C$5.45 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 0.02 and a beta of 1.86. The company has a current ratio of 0.60, a quick ratio of 1.05 and a debt-to-equity ratio of 478.10. The company has a fifty day moving average price of C$26.50 and a 200 day moving average price of C$22.30.

Air Canada (TSE:AC) last announced its earnings results on Tuesday, August 11th. The company reported C$0.40 earnings per share (EPS) for the quarter. Air Canada had a net margin of 1.82% and a return on equity of 16.92%. The firm had revenue of C$6.27 billion for the quarter.

About Air Canada

Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Headquartered in Montréal, Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, with more than 10 million members worldwide. Members can earn or redeem points on the world’s largest airline partner network of more than 50 airlines, plus through an extensive range of merchandise, hotel and car rental partners.