Air Canada (OTCMKTS:ACDVF) Sets New 1-Year High – Should You Buy?

Air Canada (OTCMKTS:ACDVF) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $17.55 and last traded at $17.55, with a volume of 1335 shares trading hands. The stock had previously closed at $17.39.

Analysts Set New Price Targets

ACDVF has been the subject of a number of research analyst reports. Canaccord Genuity Group lowered Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Scotiabank lowered shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Air Canada Stock Performance

The company has a market capitalization of $4.90 billion, a PE ratio of 9.46, a PEG ratio of 0.71 and a beta of 1.41. The business’s 50-day moving average is $15.15 and its 200-day moving average is $14.36. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.53 and a current ratio of 0.56.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.25. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $3.96 billion. On average, research analysts anticipate that Air Canada will post 0.75 earnings per share for the current year.

Air Canada Company Profile

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.