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

Air Canada (OTCMKTS:ACDVF) gapped down prior to trading on Thursday . The stock had previously closed at $21.95, but opened at $20.00. Air Canada shares last traded at $21.79, with a volume of 4,640 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ACDVF shares. National Bank Financial reaffirmed an “outperform” rating on shares of Air Canada in a research note on Wednesday. Scotiabank raised shares of Air Canada from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Zacks Research upgraded shares of Air Canada from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Royal Bank Of Canada restated an “outperform” rating on shares of Air Canada in a report on Thursday. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Air Canada presently has a consensus rating of “Moderate Buy”.

Air Canada Stock Down 1.2%

The firm has a fifty day moving average of $17.40 and a 200-day moving average of $15.23. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 3.32. The firm has a market cap of $6.04 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42.

Air Canada (OTCMKTS:ACDVF) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.34 billion. Air Canada had a return on equity of 21.51% and a net margin of 1.82%. On average, equities research analysts anticipate that Air Canada will post 0.93 earnings per share for the current 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.