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

Air Canada (OTCMKTS:ACDVF) shares gapped down prior to trading on Thursday . The stock had previously closed at $14.13, but opened at $13.41. Air Canada shares last traded at $13.91, with a volume of 4,504 shares.

Analysts Set New Price Targets

Several brokerages have commented on ACDVF. UBS Group upgraded shares of Air Canada to a “hold” rating in a report on Tuesday, November 18th. Scotiabank reaffirmed an “outperform” rating on shares of Air Canada in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Air Canada from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Finally, BMO Capital Markets restated an “outperform” rating on shares of Air Canada in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Air Canada Trading Down 0.9%

The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of -25.00 and a beta of 1.46. The company has a fifty day moving average price of $13.86 and a 200-day moving average price of $13.80. 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 issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $5.54 billion. Air Canada had a negative net margin of 1.30% and a positive return on equity of 18.22%. On average, equities research analysts predict that Air Canada will post 1.66 EPS for the current 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.