FY2027 Earnings Forecast for Air Canada Issued By Cormark

Air Canada (TSE:AC) – Cormark issued their FY2027 earnings per share estimates for Air Canada in a research note issued on Wednesday, December 18th. Cormark analyst D. Ocampo expects that the company will earn $2.92 per share for the year. The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share.

Several other analysts have also issued reports on AC. Citigroup boosted their price objective on shares of Air Canada from C$21.00 to C$28.50 in a report on Monday, November 18th. CIBC boosted their price target on shares of Air Canada from C$27.00 to C$28.00 in a research note on Wednesday, December 4th. Jefferies Financial Group increased their price objective on shares of Air Canada from C$18.00 to C$22.00 in a research report on Tuesday, November 5th. National Bankshares boosted their target price on Air Canada from C$22.00 to C$27.00 in a research report on Monday, November 4th. Finally, BMO Capital Markets raised their price target on Air Canada from C$29.00 to C$31.00 in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$26.50.

Air Canada Stock Performance

Shares of Air Canada stock opened at C$21.72 on Friday. The firm has a market cap of C$7.79 billion, a PE ratio of 4.85, a price-to-earnings-growth ratio of 0.02 and a beta of 2.39. The company has a quick ratio of 1.06, a current ratio of 0.85 and a debt-to-equity ratio of 1,070.99. Air Canada has a 52 week low of C$14.47 and a 52 week high of C$26.18. The business’s fifty day simple moving average is C$22.14 and its 200-day simple moving average is C$18.51.

Air Canada Company Profile

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.