Air Canada (OTCMKTS:ACDVF) Shares Climb 6.6% – Time to Buy?

Air Canada (OTCMKTS:ACDVF)’s share price traded up 6.6% on Tuesday. The stock traded as high as $16.61 and last traded at $16.55. 1,986 shares traded hands during trading, a decline of 99% from the average daily volume of 175,292 shares. The stock had previously closed at $15.53.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Canaccord Genuity Group raised Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 22nd. Scotiabank reissued an “outperform” rating on shares of Air Canada in a report on Thursday, October 15th. BMO Capital Markets restated an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 12th. Jefferies Financial Group downgraded Air Canada from a “hold” rating to an “underperform” rating in a report on Monday, October 19th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Air Canada in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Air Canada Price Performance

The company has a current ratio of 0.60, a quick ratio of 0.56 and a debt-to-equity ratio of 3.52. The stock has a 50-day simple moving average of $17.77 and a 200 day simple moving average of $16.13. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 4.75 and a beta of 1.54.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.16. Air Canada had a return on equity of 18.75% and a net margin of 1.22%. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.82 billion. On average, equities research analysts forecast that Air Canada will post 0.24 EPS for the current fiscal year.

About Air Canada

Air Canada is a Canadian airline that provides scheduled passenger and cargo services. Its operations include domestic and international flights, with service connecting cities across Canada to destinations in the Americas, Europe, Asia and other regions. The company is headquartered in Montreal and is a member of the Star Alliance network.

Founded in 1937 as Trans-Canada Air Lines, the company adopted the Air Canada name in 1965. Its services also include regional flights operated under the Air Canada Express brand, leisure travel through Air Canada Vacations, and cargo transportation through Air Canada Cargo.

Air Canada serves travelers through its mainline and regional operations and offers the Aeroplan loyalty program.