Air Canada (OTCMKTS:ACDVF) Shares Gap Down – What’s Next?

Air Canada (OTCMKTS:ACDVF) gapped down before the market opened on Monday . The stock had previously closed at $13.64, but opened at $13.02. Air Canada shares last traded at $13.55, with a volume of 1,953 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ACDVF. Zacks Research raised Air Canada to a “hold” rating in a report on Tuesday, August 12th. BMO Capital Markets reissued an “outperform” rating on shares of Air Canada in a research note on Thursday, October 9th. National Bank Financial cut Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. UBS Group raised Air Canada to a “hold” rating in a report on Tuesday, November 18th. Finally, National Bankshares downgraded shares of Air Canada from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 23rd. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Air Canada Trading Up 1.4%

The company has a market cap of $4.02 billion, a P/E ratio of -24.22 and a beta of 1.44. The firm has a 50-day moving average of $13.17 and a 200 day moving average of $13.93. The company has a current ratio of 0.59, a quick ratio of 0.56 and a debt-to-equity ratio of 3.99.

Air Canada (OTCMKTS:ACDVF) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). Air Canada had a positive return on equity of 18.22% and a negative net margin of 1.30%.The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $5.54 billion. On average, analysts predict that Air Canada will post 1.66 earnings per share for the current fiscal year.

Air Canada Company Profile

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.