FY2020 EPS Estimates for Air Canada Decreased by National Bank Financial (TSE:AC)

Air Canada (TSE:AC) – Analysts at National Bank Financial decreased their FY2020 earnings per share (EPS) estimates for shares of Air Canada in a report issued on Thursday, April 11th, Zacks Investment Research reports. National Bank Financial analyst C. Doerksen now anticipates that the company will earn $3.41 per share for the year, down from their previous estimate of $3.61. National Bank Financial currently has a “Outperform” rating and a $47.00 target price on the stock.

Several other research firms have also issued reports on AC. JPMorgan Chase & Co. increased their price objective on shares of Air Canada from C$40.00 to C$42.00 in a research report on Wednesday. Royal Bank of Canada raised their price target on shares of Air Canada from C$43.00 to C$46.00 in a report on Tuesday. CIBC raised their price target on shares of Air Canada from C$46.00 to C$48.00 in a report on Tuesday. TD Securities raised their price target on shares of Air Canada from C$42.00 to C$44.00 and gave the company an “action list buy” rating in a report on Tuesday. Finally, Raymond James raised their price target on shares of Air Canada from C$29.00 to C$38.00 and gave the company a “market perform” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of C$44.45.

Shares of Air Canada stock traded down C$0.43 during trading hours on Monday, hitting C$35.87. The company’s stock had a trading volume of 1,212,920 shares, compared to its average volume of 1,193,856. Air Canada has a 1-year low of C$20.33 and a 1-year high of C$36.71. The firm has a market capitalization of $9.55 billion and a P/E ratio of 59.78. The company has a quick ratio of 1.08, a current ratio of 1.24 and a debt-to-equity ratio of 164.94.

Air Canada (TSE:AC) last released its quarterly earnings data on Friday, February 15th. The company reported C$0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.17 by C$0.03. The business had revenue of C$4.25 billion during the quarter, compared to analyst estimates of C$4.20 billion.

In other Air Canada news, Senior Officer Pierre Houle sold 1,955 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of C$35.81, for a total transaction of C$70,009.53.

Air Canada Company Profile

Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name 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.

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Earnings History and Estimates for Air Canada (TSE:AC)

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