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

Air Canada (OTCMKTS:ACDVF)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $19.79, but opened at $19.01. Air Canada shares last traded at $19.81, with a volume of 771 shares trading hands.

Wall Street Analyst Weigh In

ACDVF has been the subject of several recent analyst reports. Jefferies Financial Group restated a “hold” rating on shares of Air Canada in a research report on Thursday, August 13th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Air Canada in a report on Friday, August 14th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Air Canada in a research report on Thursday, August 13th. National Bank Financial reissued an “outperform” rating on shares of Air Canada in a report on Wednesday, August 12th. Finally, Scotiabank restated an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 19th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock 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 company has a market capitalization of $5.54 billion, a P/E ratio of 19.39, a P/E/G ratio of 0.58 and a beta of 1.43. The business’s fifty day moving average price is $19.10 and its 200-day moving average price is $16.12.

Air Canada (OTCMKTS:ACDVF) last released its earnings results on Tuesday, August 11th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Air Canada had a return on equity of 20.11% and a net margin of 1.82%. As a group, sell-side analysts predict that Air Canada will post 0.88 earnings per share for the current fiscal year.

About Air Canada

Air Canada is Canada’s flag carrier and the country’s largest airline. The company provides scheduled passenger and cargo air transportation, serving destinations across Canada, the United States, Europe, Asia-Pacific, Latin America, the Caribbean and other international markets. Its principal hubs include Toronto, Montreal, Vancouver and Calgary.

Air Canada operates its mainline network alongside Air Canada Rouge, a leisure-focused carrier, and regional services provided through partner airlines under the Air Canada Express brand.