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

Air Canada (OTCMKTS:ACDVF – Get Free Report)’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 trading hands.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Raymond James Financial lowered Air Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, February 17th. ATB Cormark Capital Markets downgraded shares of Air Canada from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 16th. Scotiabank downgraded shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, Canaccord Genuity Group downgraded shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Get Air Canada alerts:

Check Out Our Latest Stock Report on ACDVF

Air Canada Trading Up 2.5%

The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 0.84 and a beta of 1.43. The business’s 50-day moving average price is $14.30 and its two-hundred day moving average price is $14.07. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.56 and a quick ratio of 0.53.

Air Canada (OTCMKTS:ACDVF – Get Free Report) last released its earnings results on Thursday, April 30th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.25. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $3.96 billion. Air Canada had a return on equity of 27.71% and a net margin of 3.45%. Equities analysts expect that Air Canada will post 0.56 earnings per share for the current year.

About Air Canada

(Get Free Report)

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.

Read More

• Five stocks we like better than Air Canada
• AI Memory Demand Has Turned These 5 S&P 500 Stocks Into Market Leaders
• 3 Dividend Kings With Income, Stability, and a Possible Catalyst
• Plot Twist: How the $110B Paramount-Warner Deal Rewrites Media
• Goldman’s S&P 500 Target Looks More Reachable After the Latest Rally

Receive News & Ratings for Air Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Canada and related companies with MarketBeat.com's FREE daily email newsletter.