Air France-KLM (OTCMKTS:AFLYY) Shares Gap Down – Here’s Why

Air France-KLM SA (OTCMKTS:AFLYY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $1.2450, but opened at $1.19. Air France-KLM shares last traded at $1.19, with a volume of 2,000 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Barclays lowered Air France-KLM from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 14th. Citigroup reaffirmed a “neutral” rating on shares of Air France-KLM in a research report on Thursday, December 11th. JPMorgan Chase & Co. raised Air France-KLM from a “neutral” rating to an “overweight” rating in a research report on Monday, December 1st. Royal Bank Of Canada assumed coverage on shares of Air France-KLM in a research report on Tuesday, January 20th. They set a “hold” rating on the stock. Finally, Morgan Stanley started coverage on shares of Air France-KLM in a report on Wednesday, October 15th. They issued an “equal weight” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Air France-KLM Stock Down 2.4%

The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 3.00, a price-to-earnings-growth ratio of 0.08 and a beta of 1.28. The business has a 50 day moving average of $1.24 and a 200 day moving average of $1.35. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.65 and a quick ratio of 0.60.

Air France-KLM (OTCMKTS:AFLYY) last announced its quarterly earnings results on Thursday, November 6th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.09). The business had revenue of $10.63 billion during the quarter, compared to the consensus estimate of $10.92 billion. Air France-KLM had a net margin of 3.21% and a return on equity of 82.86%. On average, equities analysts anticipate that Air France-KLM SA will post 0.21 EPS for the current year.

About Air France-KLM

Air France-KLM is a leading European airline group formed in 2004 through the merger of France’s flagship carrier Air France and the Netherlands’ national airline KLM Royal Dutch Airlines. Headquartered in Paris and Amstelveen, the group provides passenger, cargo and maintenance services across a global network, connecting major hubs in Europe, North America, Asia, Africa and Latin America.

The company’s primary business activities include scheduled passenger transport on short, medium and long-haul routes; air freight operations under Air France-KLM Cargo; and technical support and maintenance services through AFI KLM E&M.