CIBC Issues Positive Forecast for Transat A.T. (TSE:TRZ) Stock Price

Transat A.T. (TSE:TRZ) had its target price hoisted by CIBC from C$1.45 to C$1.80 in a research note published on Friday morning,BayStreet.CA reports.

TRZ has been the subject of several other reports. TD Securities boosted their price target on shares of Transat A.T. from C$2.00 to C$2.25 and gave the stock a “hold” rating in a research note on Friday. National Bankshares 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. Desjardins reduced their price target on Transat A.T. from C$3.00 to C$2.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. Finally, Scotiabank lowered their price objective 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. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of C$1.81.

Transat A.T. Stock Performance

TSE:TRZ opened at C$1.95 on Friday. The company has a market capitalization of C$76.38 million, a price-to-earnings ratio of -0.50, a PEG ratio of -0.04 and a beta of 1.50. The business has a 50 day moving average of C$1.82 and a 200 day moving average of C$2.08. 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. has a 1-year low of C$1.68 and a 1-year high of C$4.33.

Transat A.T. (TSE:TRZ) last announced its quarterly earnings data on Wednesday, September 11th. The company reported C($1.10) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.37) by C($0.73). The firm had revenue of C$736.20 million for the quarter, compared to analysts’ expectations of C$758.50 million. On average, sell-side analysts predict that Transat A.T. will post -4.3400002 earnings per share 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.