Transat A.T. (TSE:TRZ) Price Target Raised to C$2.25

Transat A.T. (TSE:TRZ) had its target price lifted by investment analysts at TD Securities from C$2.00 to C$2.25 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target points to a potential upside of 15.38% from the company’s previous close.

A number of other analysts have also recently issued reports on TRZ. Scotiabank lowered their target price on Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating for the company in a research note on Friday, September 13th. National Bankshares reduced their price target on Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating for the company in a research report on Friday, September 13th. CIBC reduced their price target on Transat A.T. from C$2.30 to C$1.75 and set an “underperform” rating for the company in a research report on Friday, September 13th. Finally, Desjardins reduced their price target on Transat A.T. from C$3.00 to C$2.00 and set a “hold” rating for the company in a research report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of C$1.81.

Transat A.T. Stock Performance

TRZ stock traded down C$0.09 on Friday, reaching C$1.95. 173,228 shares of the company were exchanged, compared to its average volume of 58,455. Transat A.T. has a 12 month low of C$1.68 and a 12 month high of C$4.33. The stock’s fifty day moving average price is C$1.82 and its 200 day moving average price is C$2.09. The firm has a market capitalization of C$76.38 million, a PE ratio of -0.49, a PEG ratio of -0.04 and a beta of 1.50. The company has a debt-to-equity ratio of 16,969.40, a current ratio of 0.76 and a quick ratio of 0.76.

Transat A.T. (TSE:TRZ) last announced its earnings results on Wednesday, September 11th. The company reported C($1.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.37) by C($0.73). The company had revenue of C$736.20 million for the quarter, compared to analyst estimates of C$758.50 million. On average, research analysts anticipate that Transat A.T. will post -4.3400002 EPS for the current fiscal year.

Transat A.T. Company Profile

Transat A.T. Inc, together with its subsidiaries, engages in the leisure travel business primarily in Europe and the Caribbean. It offers vacation packages, hotel stays, and air travel services under the Transat and Air Transat brands. The company also offers air transportation services; outgoing tours; and destination services, including hospitality and representation, passenger transfers, excursions, tours, sports, and other activities, as well as specialty services, such as destination weddings, teambuilding, etc.