Air Canada (OTCMKTS:ACDVF) Shares Gap Down – What’s Next?

Air Canada (OTCMKTS:ACDVF)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $17.33, but opened at $14.01. Air Canada shares last traded at $16.53, with a volume of 2,794 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ACDVF shares. Scotiabank cut shares of Air Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Canaccord Genuity Group cut shares of Air Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Finally, Zacks Research upgraded shares of Air Canada from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Air Canada Price Performance

The company’s 50-day moving average is $15.30 and its 200-day moving average is $14.42. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 3.32. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 0.71 and a beta of 1.42.

Air Canada (OTCMKTS:ACDVF) last issued its earnings results on Thursday, April 30th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.25. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $3.96 billion. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. Equities research analysts predict that Air Canada will post 0.75 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.