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

Shares of Air Canada (OTCMKTS:ACDVF) 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 traded.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Air Canada in a report on Thursday, August 13th. National Bank Financial reiterated an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 12th. Jefferies Financial Group reiterated a “hold” rating on shares of Air Canada in a research report on Thursday, August 13th. Scotiabank reissued an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 19th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Air Canada in a report on Wednesday, August 12th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Air Canada Stock Up 0.7%

The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 0.58 and a beta of 1.43. The company has a debt-to-equity ratio of 3.52, a current ratio of 0.60 and a quick ratio of 0.56. The business has a fifty day moving average of $19.20 and a 200 day moving average of $16.18.

Air Canada (OTCMKTS:ACDVF) last announced its earnings results on Tuesday, August 11th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.18. Air Canada had a net margin of 1.82% and a return on equity of 20.11%. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.34 billion. As a group, equities analysts predict that Air Canada will post 0.88 earnings per share for the current year.

Air Canada Company Profile

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.