Air Canada (OTCMKTS:ACDVF) Shares Gap Down – Here’s What Happened

Shares of Air Canada (OTCMKTS:ACDVF) gapped down before the market opened on Monday . The stock had previously closed at $15.28, but opened at $14.40. Air Canada shares last traded at $14.99, with a volume of 4,931 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ACDVF. Jefferies Financial Group restated a “hold” rating on shares of Air Canada in a research report on Sunday, February 15th. ATB Cormark Capital Markets lowered Air Canada from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 16th. Raymond James Financial downgraded Air Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, February 17th. Zacks Research upgraded Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. Finally, UBS Group upgraded Air Canada to a “hold” rating in a research note on Tuesday, November 18th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Air Canada Stock Performance

The company has a current ratio of 0.59, a quick ratio of 0.56 and a debt-to-equity ratio of 3.99. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 0.29 and a beta of 1.44. The stock’s 50 day moving average is $14.35 and its two-hundred day moving average is $13.76.

Air Canada (OTCMKTS:ACDVF) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.27. Air Canada had a return on equity of 24.22% and a net margin of 2.92%.The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $5.56 billion. Analysts anticipate that Air Canada will post 1.66 earnings per share for the current fiscal year.

Air Canada Company Profile

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.