Air Canada (OTCMKTS:ACDVF) Stock Price Down 5% - Should You Sell?

Key Points

• Air Canada shares fell 5% to $18.62 in Friday trading, with unusually light volume of 1,308 shares versus an average of 173,110.
• Analyst sentiment remains positive overall: six analysts rate the stock a Buy and five rate it a Hold, resulting in a “Moderate Buy” consensus rating.
• The company exceeded quarterly expectations, reporting $0.29 in EPS versus the $0.11 consensus estimate and revenue of $4.41 billion, slightly above forecasts.

Air Canada (OTCMKTS:ACDVF - Get Free Report) fell 5% during trading on Friday. The company traded as low as $18.4050 and last traded at $18.62. 1,308 shares were traded during mid-day trading, a decline of 99% from the average session volume of 173,110 shares. The stock had previously closed at $19.59.

Analysts Set New Price Targets

A number of research firms have weighed in on ACDVF. National Bank Financial reissued 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. BMO Capital Markets reiterated an "outperform" rating on shares of Air Canada in a report on Wednesday, August 12th. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Air Canada in a research note on Friday, August 14th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Air Canada in a report on Thursday, August 13th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy".

Air Canada Stock Performance

The company has a market cap of $5.40 billion, a PE ratio of 18.88, a P/E/G ratio of 0.59 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 company's fifty day moving average price is $19.54 and its 200 day moving average price is $16.41.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last announced its 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 firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.34 billion. On average, equities research analysts predict that Air Canada will post 0.88 earnings per share for the current year.

About Air Canada

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.

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