Air Canada (OTCMKTS:ACDVF) Hits New 1-Year High on Analyst Upgrade

Air Canada (OTCMKTS:ACDVF) reached a new 52-week high on Wednesday after National Bank Financial upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $17.96 and last traded at $17.83, with a volume of 200371 shares. The stock had previously closed at $17.69.

A number of other brokerages have also issued reports on ACDVF. Scotiabank lowered Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Canaccord Genuity Group lowered Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. Finally, Zacks Research raised shares of Air Canada from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Air Canada currently has an average rating of “Hold”.

Key Air Canada News

Here are the key news stories impacting Air Canada this week:

• Positive Sentiment: Air Canada appointed Anko Van der Werff as its next CEO, a move seen as potentially stabilizing leadership and addressing prior criticism over French-language concerns. Air Canada Announces Appointment of Anko Van der Werff as President and Chief Executive Officer
• Positive Sentiment: National Bank Financial reportedly upgraded Air Canada from hold to strong-buy, reinforcing the bullish reaction to the leadership change. Zacks.com
• Positive Sentiment: Some commentary says Air Canada still looks undervalued after the new CEO appointment, suggesting room for multiple expansion if execution improves. Air Canada (TSX:AC) Stock Still Looks Undervalued After New CEO Appointment
• Neutral Sentiment: Air Canada Foundation reported a record-breaking $1.5 million raised at its annual golf tournament and lifetime contributions above $20 million, which is positive for corporate image but likely limited in direct stock impact. Air Canada Foundation’s 14th Annual Golf Tournament Raises Record Breaking $1.5 Million, Celebrates Lifetime Impact Surpassing $20 Million
• Neutral Sentiment: One analyst note maintained a Hold rating with a $26 price target, which suggests the stock still has mixed sentiment despite the leadership announcement. Air Canada: Hold Rating Reaffirmed as Leadership Transition Begins; $26 Price Target Maintained

Air Canada Stock Up 0.6%

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’s fifty day simple moving average is $15.64 and its two-hundred day simple moving average is $14.53. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 9.51, a P/E/G ratio of 0.72 and a beta of 1.42.

Air Canada (OTCMKTS:ACDVF) last issued its earnings results on Thursday, April 30th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.25. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $3.96 billion. On average, sell-side analysts anticipate that Air Canada will post 0.75 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.