Scotiabank Comments on Air Canada’s FY2027 Earnings (TSE:AC)

Air Canada (TSE:AC) – Stock analysts at Scotiabank cut their FY2027 EPS estimates for shares of Air Canada in a report released on Thursday, February 19th. Scotiabank analyst K. Gupta now anticipates 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 research analysts have also recently weighed in on the stock. Canadian Imperial Bank of Commerce upped their price target on shares of Air Canada from C$23.00 to C$24.00 in a report on Wednesday, January 21st. National Bank Financial raised their price target on Air Canada from C$24.00 to C$25.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Royal Bank Of Canada set a C$25.00 price target on shares of Air Canada and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Stifel Nicolaus lifted their target price on Air Canada from C$24.00 to C$28.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Raymond James Financial downgraded Air Canada from a “moderate buy” rating to a “hold” rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$24.85.

Air Canada Stock Performance

AC stock opened at C$20.99 on Friday. The company has a 50 day moving average price of C$19.64 and a 200 day moving average price of C$19.03. Air Canada has a fifty-two week low of C$12.69 and a fifty-two week high of C$23.72. The stock has a market capitalization of C$6.22 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 0.02 and a beta of 1.59. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06.

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.