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

Air Canada (OTCMKTS:ACDVF) shares gapped up prior to trading on Thursday . The stock had previously closed at $13.09, but opened at $13.60. Air Canada shares last traded at $13.64, with a volume of 842 shares trading hands.

Wall Street Analyst Weigh In

ACDVF has been the subject of several analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Air Canada in a report on Thursday, October 9th. Scotiabank restated an “outperform” rating on shares of Air Canada in a report on Wednesday, July 30th. Zacks Research raised shares of Air Canada to a “hold” rating in a research report on Tuesday, August 12th. National Bankshares downgraded Air Canada from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 23rd. Finally, National Bank Financial downgraded Air Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

Air Canada Stock Up 0.0%

The stock has a market cap of $4.01 billion, a PE ratio of -24.15 and a beta of 1.90. The business has a 50 day moving average price of $13.22 and a 200 day moving average price of $13.75. The company has a quick ratio of 0.60, a current ratio of 0.63 and a debt-to-equity ratio of 5.73.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). Air Canada had a negative net margin of 1.30% and a positive return on equity of 18.56%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $5.54 billion. Equities research analysts expect that Air Canada will post 1.66 EPS for the current fiscal year.

About Air Canada

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.