Air Canada (OTCMKTS:ACDVF) Shares Gap Down - Here's What Happened

Key Points

• Air Canada shares gapped lower, falling from a previous close of $20.95 to an opening price of $19.67 before recovering to about $20.29.
• Analyst sentiment remains generally positive: six analysts rate the stock Buy and five rate it Hold, resulting in a MarketBeat consensus rating of Moderate Buy.
• Air Canada beat quarterly expectations, reporting $0.29 in EPS versus the $0.11 consensus estimate and revenue of $4.41 billion versus $4.34 billion expected.

Air Canada (OTCMKTS:ACDVF - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $20.95, but opened at $19.67. Air Canada shares last traded at $20.2940, with a volume of 1,803 shares traded.

Analyst Ratings Changes

Several analysts have issued reports on the company. Jefferies Financial Group restated a "hold" rating on shares of Air Canada in a research note on Thursday, August 13th. Royal Bank Of Canada restated an "outperform" rating on shares of Air Canada in a research note on Thursday, August 13th. Zacks Research raised shares of Air Canada from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 19th. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Air Canada in a research report on Friday, August 14th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Air Canada in a research note on Wednesday, August 12th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Air Canada has a consensus rating of "Moderate Buy".

Air Canada Price Performance

The company has a 50 day moving average price of $18.91 and a 200-day moving average price of $15.98. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 3.32. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 0.61 and a beta of 1.43.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.18. Air Canada had a return on equity of 21.51% and a net margin of 1.82%.The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.34 billion. As a group, equities research analysts predict that Air Canada will post 0.88 EPS for the current fiscal 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.

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