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

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

TRZ has been the topic of several other reports. Scotiabank reduced 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. 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. Desjardins cut their price objective 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, CIBC dropped their price target on Transat A.T. from C$2.30 to C$1.75 and set an “underperform” rating on the stock in a research report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of C$1.81.

Transat A.T. Price Performance

TSE:TRZ traded down C$0.09 during trading hours on Friday, hitting C$1.95. The company’s stock had a trading volume of 173,228 shares, compared to its average volume of 58,455. The stock has a fifty day simple moving average of C$1.82 and a 200-day simple moving average of C$2.09. The company has a market capitalization of C$76.38 million, a P/E 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. has a twelve month low of C$1.68 and a twelve month high of C$4.33.

Transat A.T. (TSE:TRZ) last released its quarterly earnings data on Wednesday, September 11th. The company reported C($1.10) earnings per share for the quarter, missing the consensus estimate of C($0.37) by C($0.73). The company had revenue of C$736.20 million during the quarter, compared to analyst estimates of C$758.50 million. On average, 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.