Transat A.T. (TSE:TRZ) Price Target Raised to C$1.80 at CIBC

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

TRZ has been the topic of a number of other reports. National Bankshares cut their target price 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 shares of 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. Scotiabank decreased their target price on shares of Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating for the company in a report on Friday, September 13th. Finally, TD Securities increased their price target on shares of Transat A.T. from C$2.00 to C$2.25 and gave the company a “hold” rating in a report on Friday. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of C$1.81.

Transat A.T. Trading Down 4.4 %

Shares of TSE TRZ opened at C$1.95 on Friday. 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. 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. The firm has a 50-day moving average of C$1.82 and a 200 day moving average of C$2.08.

Transat A.T. (TSE:TRZ) last posted its quarterly earnings results 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 the consensus estimate of C$758.50 million. As a group, sell-side analysts expect 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.