Air Canada (OTCMKTS:ACDVF) Trading Up 4.9% – Here’s What Happened

Air Canada (OTCMKTS:ACDVF)’s stock price was up 4.9% during mid-day trading on Tuesday . The company traded as high as $20.70 and last traded at $20.69. 8,925 shares changed hands during trading, a decline of 94% from the average session volume of 161,406 shares. The stock had previously closed at $19.73.

Analysts Set New Price Targets

Several research firms have recently weighed in on ACDVF. Royal Bank Of Canada reissued an “outperform” rating on shares of Air Canada in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Air Canada in a report on Friday, August 14th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 12th. National Bank Financial reiterated an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 12th. Finally, Scotiabank reissued an “outperform” rating on shares of Air Canada in a report on Wednesday, August 19th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Air Canada Stock Up 2.6%

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 firm has a market capitalization of $5.67 billion, a P/E ratio of 19.85, a P/E/G ratio of 0.58 and a beta of 1.42. The company’s 50-day simple moving average is $18.45 and its two-hundred day simple moving average is $15.70.

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