Air Canada (OTCMKTS:ACDVF) Shares Gap Up – Should You Buy?

Shares of Air Canada (OTCMKTS:ACDVF) gapped up before the market opened 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 changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Air Canada in a research note on Friday, August 14th. National Bank Financial reaffirmed an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 12th. BMO Capital Markets reiterated an “outperform” rating on shares of Air Canada in a report on Wednesday, August 12th. Zacks Research upgraded Air Canada from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Air Canada in a research note on Thursday, August 13th. 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 stock presently has an average rating of “Moderate Buy”.

Air Canada Stock Performance

The stock has a market capitalization of $5.87 billion, a PE ratio of 20.54, a P/E/G ratio of 0.59 and a beta of 1.43. 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 firm’s 50 day moving average is $18.65 and its two-hundred day moving average is $15.83.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.29 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $4.34 billion. As a group, research analysts predict 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.