Transat A.T. (TSE:TRZ) PT Lowered to C$1.50

Transat A.T. (TSE:TRZ) had its target price cut by Scotiabank from C$2.25 to C$1.50 in a research report sent to investors on Friday, BayStreet.CA reports. They currently have an underperform rating on the stock.

Several other equities research analysts have also commented on the stock. TD Securities cut their price target on shares of Transat A.T. from C$3.75 to C$3.00 and set a hold rating on the stock in a research note on Friday, June 7th. CIBC cut their price target on Transat A.T. from C$2.70 to C$2.30 and set an underperform rating on the stock in a research report on Monday, June 10th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat.com, Transat A.T. has a consensus rating of Reduce and an average target price of C$1.75.

Transat A.T. Stock Up 1.1 %

TRZ stock opened at C$1.84 on Friday. Transat A.T. has a fifty-two week low of C$1.78 and a fifty-two week high of C$4.33. The company’s 50 day moving average price is C$2.07 and its 200 day moving average price is C$2.87. The company has a debt-to-equity ratio of 16,969.40, a quick ratio of 0.76 and a current ratio of 0.81. The firm has a market capitalization of C$71.45 million, a price-to-earnings ratio of -1.31, a PEG ratio of -0.04 and a beta of 1.50.

Transat A.T. (TSE:TRZ) last announced its quarterly 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 business had revenue of C$736.20 million during the quarter, compared to the consensus estimate of C$758.50 million. On average, equities research analysts anticipate that Transat A.T. will post -4.3400002 EPS for the current fiscal year.

About Transat A.T.

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.