Transat A.T. (TSE:TRZ) Given New C$2.25 Price Target at TD Securities

Transat A.T. (TSE:TRZ) had its price objective raised by TD Securities from C$2.00 to C$2.25 in a research report report published on Friday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other brokerages have also recently weighed in on TRZ. Desjardins reduced their price objective on shares of Transat A.T. from C$3.00 to C$2.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. CIBC cut their target price on Transat A.T. from C$2.30 to C$1.75 and set an “underperform” rating on the stock in a report on Friday, September 13th. Scotiabank decreased 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 note on Friday, September 13th. Finally, National Bankshares cut their price objective on Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating on the stock in a research note on Friday, September 13th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to MarketBeat, Transat A.T. currently has an average rating of “Reduce” and an average target price of C$1.81.

Transat A.T. Stock Performance

TSE:TRZ opened at C$1.95 on Friday. The stock’s 50-day moving average is C$1.82 and its 200-day moving average is C$2.08. Transat A.T. has a 1-year low of C$1.68 and a 1-year high of C$4.33. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 16,969.40. The stock has a market cap of C$76.38 million, a P/E ratio of -0.50, a price-to-earnings-growth ratio of -0.04 and a beta of 1.50.

Transat A.T. (TSE:TRZ) last posted its earnings results 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 business had revenue of C$736.20 million for the quarter, compared to analysts’ expectations of C$758.50 million. Equities research analysts anticipate that Transat A.T. will post -4.3400002 earnings per share for the current 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.