Air Canada (OTCMKTS:ACDVF) Shares Gap Up – Time to Buy?

Air Canada (OTCMKTS:ACDVF)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $15.32, but opened at $16.00. Air Canada shares last traded at $15.92, with a volume of 1,900 shares changing hands.

Wall Street Analyst Weigh In

ACDVF has been the topic of a number of recent analyst reports. Canaccord Genuity Group downgraded shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. Scotiabank lowered Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. ATB Cormark Capital Markets lowered Air Canada from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 16th. Zacks Research raised Air Canada from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, Raymond James Financial lowered Air Canada from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

Air Canada Price Performance

The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.53 and a current ratio of 0.56. The company has a market capitalization of $4.55 billion, a PE ratio of 8.79, a P/E/G ratio of 0.84 and a beta of 1.43. The company’s 50-day simple moving average is $14.30 and its 200-day simple moving average is $14.07.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.25. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $3.96 billion. As a group, sell-side analysts anticipate that Air Canada will post 0.56 earnings per share for the current year.

About Air Canada

Air Canada is the largest airline in Canada and one of the leading carriers in North America. Founded in 1937 as Trans-Canada Air Lines and rebranded as Air Canada in 1965, the company operates scheduled passenger and cargo services on six continents. The airline maintains membership in the Star Alliance network, offering seamless connections and coordinated loyalty benefits to travelers worldwide.

Through its mainline operations and subsidiaries—including Air Canada Rouge, Air Canada Cargo and Air Canada Vacations—the company provides a broad range of services.