Air Canada (OTCMKTS:ACDVF) Shares Down 6.7% - What's Next?

Key Points

• Air Canada shares fell 6.7% to $14.80 in mid-day trading, with volume plunging 99% below the average session level.
• Analyst sentiment is mixed: Jefferies downgraded the stock to “underperform,” while several other brokerages maintained “outperform” ratings. MarketBeat’s overall consensus rating is “Hold.”
• Air Canada exceeded quarterly expectations, reporting $0.29 EPS versus the $0.11 estimate and revenue of $4.41 billion versus $4.34 billion expected.

Air Canada (OTCMKTS:ACDVF - Get Free Report) dropped 6.7% during mid-day trading on Monday. The stock traded as low as $14.80 and last traded at $14.80. 2,054 shares were traded during trading, a decline of 99% from the average session volume of 180,508 shares. The stock had previously closed at $15.86.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ACDVF. National Bank Financial reiterated an "outperform" rating on shares of Air Canada in a research report on Wednesday, August 12th. Jefferies Financial Group lowered Air Canada from a "hold" rating to an "underperform" rating in a research report on Monday. Royal Bank Of Canada restated an "outperform" rating on shares of Air Canada in a research note on Thursday, August 13th. BMO Capital Markets restated an "outperform" rating on shares of Air Canada in a research note on Wednesday, August 12th. Finally, Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Air Canada in a report on Friday, August 14th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold".

Air Canada Stock Down 2.6%

The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 0.42 and a beta of 1.45. 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 firm's fifty day moving average is $19.46 and its two-hundred day moving average is $16.92.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.18. Air Canada had a return on equity of 20.11% and a net margin of 1.82%. The company had revenue of $4.41 billion for the quarter, compared to analysts' expectations of $4.34 billion. On average, sell-side analysts expect that Air Canada will post 0.95 EPS for the current fiscal year.

Air Canada Company Profile

Air Canada is Canada's national flag carrier and one of the country's largest airlines. Headquartered in Montreal, Quebec, the company provides scheduled passenger air transportation to destinations across Canada, the United States, Europe, Asia-Pacific, Latin America and the Caribbean. Its network is supported by regional service operated under the Air Canada Express brand and leisure-focused flights operated by Air Canada Rouge.

The company's principal businesses include passenger airline services, air cargo transportation and vacation travel.

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