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

Air Canada (OTCMKTS:ACDVF) gapped down before the market opened on Wednesday . The stock had previously closed at $13.9670, but opened at $13.11. Air Canada shares last traded at $14.00, with a volume of 499 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have commented on ACDVF. National Bankshares lowered shares of Air Canada from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 23rd. National Bank Financial downgraded shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. UBS Group upgraded shares of Air Canada to a “hold” rating in a report on Tuesday, November 18th. Zacks Research cut shares of Air Canada from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Air Canada in a report on Thursday, October 9th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

Air Canada Stock Performance

The firm has a market cap of $4.15 billion, a PE ratio of -25.14 and a beta of 1.46. The company has a quick ratio of 0.56, a current ratio of 0.59 and a debt-to-equity ratio of 3.99. The company has a 50-day simple moving average of $13.69 and a two-hundred day simple moving average of $13.95.

Air Canada (OTCMKTS:ACDVF) last released its earnings results on Tuesday, November 4th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates 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 positive return on equity of 18.22% and a negative net margin of 1.30%. As a group, equities research analysts forecast that Air Canada will post 1.66 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.