Posted 4/11/2024, 10:15:16 PM
Air Canada Stock Underperforms Despite Analyst Optimism
- Air Canada (ACDVF) stock closed 1.84% lower despite market gains, underperforming the S&P 500, Dow, and Nasdaq
- ACDVF shares are up 3.58% over the past month, behind the Transportation sector's 6.39% gain
- ACDVF currently has a Zacks Rank of #1 (Strong Buy) and trades at a Forward P/E of 4.25
- The Transportation - Airline industry ranks in the top 35% of Zacks Industries
- Investors should monitor ACDVF's upcoming earnings release and recent changes to analyst estimates
