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

Air Canada (OTCMKTS:ACDVF) gapped down prior to trading on Monday . The stock had previously closed at $16.53, but opened at $13.71. Air Canada shares last traded at $16.03, with a volume of 2,893 shares.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ACDVF shares. BMO Capital Markets restated an “outperform” rating on shares of Air Canada in a report on Wednesday, July 8th. Scotiabank reiterated a “sector perform” rating on shares of Air Canada in a report on Thursday. Zacks Research upgraded Air Canada from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, National Bank Financial raised Air Canada from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Air Canada Stock Down 1.1%

The company’s fifty day simple moving average is $15.94 and its 200 day simple moving average is $14.62. 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 capitalization of $4.47 billion, a P/E ratio of 8.63, a price-to-earnings-growth ratio of 0.58 and a beta of 1.42.

Air Canada (OTCMKTS:ACDVF) last announced 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. Air Canada had a net margin of 3.45% and a return on equity of 27.71%. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $3.96 billion. Research analysts expect that Air Canada will post 0.85 EPS 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.