Air Canada (OTCMKTS:ACDVF) Trading Up 4.9% - Here's What Happened

Key Points

• Air Canada shares rose 4.9% to $20.69 during Tuesday trading, although volume was 94% below the stock’s average daily volume.
• Analyst sentiment remains favorable, with six Buy ratings and five Holds, resulting in a consensus rating of “Moderate Buy.”
• Air Canada exceeded quarterly expectations, reporting $0.29 in earnings per share versus the $0.11 consensus estimate and revenue of $4.41 billion compared with expectations of $4.34 billion.

Shares of Air Canada (OTCMKTS:ACDVF - Get Free Report) were up 4.9% during trading on Tuesday . The company traded as high as $20.70 and last traded at $20.69. 8,925 shares were traded during trading, a decline of 94% from the average daily volume of 161,406 shares. The stock had previously closed at $19.73.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. National Bank Financial reiterated an "outperform" rating on shares of Air Canada in a research note on Wednesday, August 12th. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Air Canada in a report on Friday, August 14th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Air Canada in a research note on Thursday, August 13th. Zacks Research upgraded shares of Air Canada from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 19th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Air Canada in a research report on Thursday, August 13th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Air Canada has an average rating of "Moderate Buy".

Air Canada Trading Up 2.6%

The firm has a 50-day moving average price of $18.45 and a 200-day moving average price of $15.70. 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 stock has a market cap of $5.67 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 0.58 and a beta of 1.42.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.11 by $0.18. The company had revenue of $4.41 billion for 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, equities analysts anticipate that Air Canada will post 0.88 EPS 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.

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