Air Canada (OTCMKTS:ACDVF – Get Rating) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 10,820,400 shares, a growth of 72.3% from the August 31st total of 6,278,700 shares. Based on an average daily volume of 47,900 shares, the days-to-cover ratio is currently 225.9 days.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on ACDVF. Scotiabank reduced their price target on shares of Air Canada from C$31.00 to C$26.00 in a research report on Tuesday, June 28th. TD Securities reduced their target price on shares of Air Canada from C$26.00 to C$25.00 in a report on Tuesday, June 28th. Canaccord Genuity Group raised shares of Air Canada from a "hold" rating to a "buy" rating in a report on Tuesday, July 12th. Canaccord Genuity Group raised shares of Air Canada from a "hold" rating to a "buy" rating in a report on Tuesday, July 12th. Finally, National Bank Financial reduced their target price on shares of Air Canada from C$31.00 to C$30.00 in a report on Thursday, July 7th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $28.43.
Get Air Canada alerts:Air Canada Stock Performance
Shares of ACDVF opened at $12.03 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.12 and a debt-to-equity ratio of 1,723.47. The firm has a market cap of $4.32 billion, a PE ratio of -2.03 and a beta of 2.06. The company's 50 day simple moving average is $13.85 and its 200-day simple moving average is $15.43. Air Canada has a 12-month low of $11.94 and a 12-month high of $22.36.
Air Canada (OTCMKTS:ACDVF – Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported ($1.43) earnings per share for the quarter, missing analysts' consensus estimates of ($0.55) by ($0.88). Air Canada had a negative net margin of 21.93% and a negative return on equity of 828.99%. The firm had revenue of $3.12 billion during the quarter. As a group, equities analysts predict that Air Canada will post -3.16 EPS for the current year.Air Canada Company Profile
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Air Canada provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand name in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.
Further Reading
- Get a free copy of the StockNews.com research report on Air Canada (ACDVF)
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