Air Canada (OTCMKTS:ACDVF) Shares Gap Down – Time to Sell?

Air Canada (OTCMKTS:ACDVF) 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.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ACDVF shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Air Canada in a research note on Wednesday, August 12th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Air Canada in a research report on Friday, August 14th. Jefferies Financial Group restated a “hold” rating on shares of Air Canada in a research note on Thursday, August 13th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Air Canada in a research report on Thursday, August 13th. Finally, Zacks Research raised Air Canada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Air Canada currently has a consensus rating of “Moderate Buy”.

Air Canada Stock Down 0.5%

The company has a market cap of $5.69 billion, a PE ratio of 19.93, a P/E/G ratio of 0.61 and a beta of 1.43. The stock has a 50-day moving average of $18.91 and a 200-day moving average 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.

Air Canada (OTCMKTS:ACDVF) last posted its earnings results on Tuesday, August 11th. The company reported $0.29 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 analysts’ expectations of $4.34 billion. Air Canada had a return on equity of 21.51% and a net margin of 1.82%. Sell-side analysts predict that Air Canada will post 0.88 earnings per share for the current fiscal year.

Air Canada Company Profile

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.