{"id":59132,"date":"2024-12-23T06:53:48","date_gmt":"2024-12-23T06:53:48","guid":{"rendered":"https:\/?p=59132"},"modified":"2024-12-23T07:00:28","modified_gmt":"2024-12-23T07:00:28","slug":"air-canada-acca-forecast","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/air-canada-acca-forecast\/","title":{"rendered":"Is Air Canada (AC:CA) a Buy Despite Cormark’s Lowered EPS Forecast?"},"content":{"rendered":"

Investment analysts from Cormark have recently issued lowered earnings per share (EPS) forecasts for\u00a0Air Canada<\/a>\u00a0(AC:CA<\/a>) for fiscal year 2024. This deviation from the consensus estimates for Air Canada’s full-year earnings of $2.58 per share has raised concerns among some investors.<\/p>\n

Stock Target Advisor’s Considered Outlook on\u00a0Air Canada<\/h2>\n

The analysis presented by Stock Target Advisor<\/a>, paints a slightly more optimistic picture for\u00a0Air Canada\u2019s outlook. With a \u201cBuy\u201d rating and a target price of C$26.67, Stock Target Advisor sees potential in the airline’s stock, in contrast to Cormark’s cautious stance.<\/p>\n

Is now the time to buy AC:CA? Access our full analysis report here<\/a>, it\u2019s free.<\/p>\n

\"Cyber<\/a><\/p>\n

The trailing 12 months returns analysis reveals a 17.25% capital gain, with no dividend return, making the total 1-year return for the stock also 17.25%. Growth analysis for the past five years indicates convincing revenue growth of 20.86%, coupled with a staggering earnings growth of 1262.87%.<\/p>\n

With a high stock volatility (Beta of 2.41) and a strong buy consensus from an average of 16 market covering analysts,\u00a0Air Canada\u00a0might prove to be a promising investment opportunity, despite Cormark’s pessimistic forecast.<\/p>\n

\"\"<\/a><\/p>\n

Setting the Context: Sector Analysis for Airlines<\/h2>\n

The average analyst rating for the Airlines sector<\/a> is a \u201cStrong Buy\u201d. Stock Target Advisor too-rated the sector as \u201cSlightly Bullish\u201d. However, the average 1-month return on stocks in the sector is trailing at -4.49%. While the largest stocks in the sector are\u00a0Air Canada\u00a0and Exchange Income Corporation, top-ranked analysts for the sector include Raymond James, Barclays, Deutsche Bank, J.P. Morgan Chase & Co<\/a>, and Susquehanna International Group.<\/p>\n

Conclusion:<\/h2>\n

Given this comprehensive data-driven analysis, the lowered FY2024 EPS estimates for\u00a0Air Canada\u00a0by Cormark could lead to some investor anxiety. Yet, the overall positive consensus among other analysts, along with historical return, revenue, and earnings growth, all weigh in favor of\u00a0Air Canada.<\/p>\n","protected":false},"excerpt":{"rendered":"

Investment analysts from Cormark have recently issued lowered earnings per share (EPS) forecasts for\u00a0Air Canada\u00a0(AC:CA) for fiscal year 2024. This deviation from the consensus estimates…<\/p>\n","protected":false},"author":17,"featured_media":23294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-59132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"\nIs Air Canada (AC:CA) a Buy Despite Cormark's Lowered EPS Forecast?<\/title>\n<meta name=\"description\" content=\"Discover why analysts are divided on Air Canada's outlook. 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