Air Canada (OTCMKTS:ACDVF) Hits New 12-Month High – Should You Buy?

Shares of Air Canada (OTCMKTS:ACDVF) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $17.55 and last traded at $17.55, with a volume of 1335 shares trading hands. The stock had previously closed at $17.39.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ACDVF shares. Canaccord Genuity Group lowered 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 lowered shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Air Canada Stock Performance

The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 0.71 and a beta of 1.42. The company has a 50-day moving average of $15.30 and a 200-day moving average of $14.41.

Air Canada (OTCMKTS:ACDVF) last released its quarterly earnings data on Thursday, April 30th. The company reported ($0.04) EPS 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 the consensus estimate of $3.96 billion. On average, equities research analysts forecast that Air Canada will post 0.75 earnings per share for the current fiscal year.

About Air Canada

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.