Brokers Issue Forecasts for Air Canada FY2026 Earnings

Air Canada (TSE:AC) – Stock analysts at National Bank Financial cut their FY2026 earnings per share (EPS) estimates for shares of Air Canada in a research report issued to clients and investors on Thursday, September 25th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $2.06 per share for the year, down from their previous forecast of $2.07. National Bank Financial has a “Hold” rating on the stock. The consensus estimate for Air Canada’s current full-year earnings is $2.58 per share.

Several other analysts also recently issued reports on AC. National Bankshares downgraded Air Canada from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$26.00 to C$22.00 in a research note on Wednesday, September 24th. ATB Capital upped their target price on Air Canada from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Citigroup set a C$25.00 target price on Air Canada and gave the company a “buy” rating in a research report on Monday, June 30th. Scotiabank cut their target price on Air Canada from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research report on Wednesday, September 3rd. Finally, Canaccord Genuity Group cut their target price on Air Canada from C$28.00 to C$25.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$24.91.

Air Canada Stock Performance

AC opened at C$17.56 on Monday. The business has a fifty day simple moving average of C$19.31 and a 200 day simple moving average of C$18.08. The company has a market capitalization of C$5.20 billion, a PE ratio of 4.45, a price-to-earnings-growth ratio of 0.02 and a beta of 1.73. Air Canada has a 1 year low of C$12.69 and a 1 year high of C$26.18. The company has a debt-to-equity ratio of 400.00, a current ratio of 0.92 and a quick ratio of 1.06.

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.