Air Canada (OTCMKTS:ACDVF) Shares Gap Up – What’s Next?

Air Canada (OTCMKTS:ACDVF)’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 traded.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ACDVF shares. Canaccord Genuity Group downgraded shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, Scotiabank downgraded shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Air Canada Stock Down 0.9%

The company’s 50-day moving average is $14.44 and its 200 day moving average is $14.11. The company has a market capitalization of $4.55 billion, a PE ratio of 8.78, a P/E/G ratio of 0.90 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.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.25. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $3.96 billion. As a group, analysts anticipate that Air Canada will post 0.56 EPS 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.