Air Canada (OTCMKTS:ACDVF) Shares Gap Up – Still a Buy?

Shares of Air Canada (OTCMKTS:ACDVF) gapped up prior to trading on Wednesday . The stock had previously closed at $19.73, but opened at $20.41. Air Canada shares last traded at $20.1560, with a volume of 700 shares.

Analyst Upgrades and Downgrades

A number of research firms have commented on ACDVF. Zacks Research upgraded shares of Air Canada from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Jefferies Financial Group reiterated a “hold” rating on shares of Air Canada in a report on Thursday, August 13th. Scotiabank reiterated an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 19th. Royal Bank Of Canada reissued an “outperform” rating on shares of Air Canada in a report on Thursday, August 13th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 12th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Air Canada Trading Down 1.6%

The company has a debt-to-equity ratio of 3.32, a current ratio of 0.56 and a quick ratio of 0.53. The business has a fifty day moving average of $18.51 and a 200-day moving average of $15.74. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 0.58 and a beta of 1.42.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18. Air Canada had a net margin of 1.82% and a return on equity of 21.51%. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.34 billion. On average, equities analysts anticipate that Air Canada will post 0.88 earnings per share for the current fiscal 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.