Air Canada (OTCMKTS:ACDVF) Shares Gap Down – Should You Sell?

Air Canada (OTCMKTS:ACDVF)’s share price gapped down before the market opened on Monday. The stock had previously closed at $16.91, but opened at $16.00. Air Canada shares last traded at $15.87, with a volume of 272 shares.

Wall Street Analyst Weigh In

ACDVF has been the topic of several recent research reports. Jefferies Financial Group reissued a “hold” rating on shares of Air Canada in a report on Thursday, August 13th. National Bank Financial restated an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 12th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Air Canada in a research note on Friday, August 14th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a research report on Wednesday, August 12th. Finally, Scotiabank reiterated 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, Air Canada has an average rating of “Moderate Buy”.

Air Canada Stock Down 1.6%

The firm’s 50 day simple moving average is $19.76 and its 200 day simple moving average is $16.82. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 0.46 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) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.18. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.34 billion. Air Canada had a return on equity of 20.11% and a net margin of 1.82%. Sell-side analysts anticipate that Air Canada will post 0.90 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.