Air Canada (OTCMKTS:ACDVF) Stock Price Down 6.8% - Here's Why

Key Points

• Air Canada shares fell 6.8% to $16.33, with trading volume of about 527 shares—far below the average daily volume of 175,205.
• Analyst sentiment remains generally positive: six analysts rate the stock a Buy and five rate it a Hold, producing a consensus rating of “Moderate Buy.”
• Air Canada beat quarterly expectations, reporting $0.29 EPS versus the $0.11 consensus and revenue of $4.41 billion versus the $4.34 billion estimate, though the company carries a high debt-to-equity ratio of 3.52.

Air Canada (OTCMKTS:ACDVF - Get Free Report)'s stock price traded down 6.8% on Friday. The stock traded as low as $16.33 and last traded at $16.33. Approximately 527 shares traded hands during trading, a decline of 100% from the average daily volume of 175,205 shares. The stock had previously closed at $17.53.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ACDVF. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Air Canada in a research report on Friday, August 14th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Air Canada in a research note on Thursday, August 13th. National Bank Financial reiterated an "outperform" rating on shares of Air Canada in a report on Wednesday, August 12th. BMO Capital Markets reissued an "outperform" rating on shares of Air Canada in a research report on Wednesday, August 12th. Finally, Scotiabank restated an "outperform" rating on shares of Air Canada in a research note on Wednesday, August 19th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Air Canada currently has a consensus rating of "Moderate Buy".

Air Canada Price Performance

The stock's 50-day moving average is $19.80 and its 200-day moving average is $16.80. The firm has a market cap of $4.13 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 0.50 and a beta of 1.45. The company has a quick ratio of 0.56, a current ratio of 0.60 and a debt-to-equity ratio of 3.52.

Air Canada (OTCMKTS:ACDVF - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.29 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $4.34 billion. As a group, equities analysts anticipate that Air Canada will post 0.9 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.