Transat A.T. (TSE:TRZ) Shares Up 4.6% – Still a Buy?

Shares of Transat A.T. Inc. (TSE:TRZ) rose 4.6% during trading on Thursday . The stock traded as high as C$2.18 and last traded at C$2.04. Approximately 606,409 shares traded hands during trading, an increase of 946% from the average daily volume of 57,998 shares. The stock had previously closed at C$1.95.

Wall Street Analysts Forecast Growth

TRZ has been the subject of a number of research analyst reports. TD Securities lifted their target price on shares of Transat A.T. from C$2.00 to C$2.25 and gave the stock a “hold” rating in a research report on Friday. National Bankshares 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 note on Friday, September 13th. Scotiabank cut their price target on shares of Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating on the stock in a report on Friday, September 13th. Desjardins reduced their target price 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. Finally, CIBC boosted their target price on shares of Transat A.T. from C$1.45 to C$1.80 in a report on Friday. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of C$1.81.

Transat A.T. Stock Down 4.4 %

The firm’s 50 day moving average is C$1.82 and its 200-day moving average is C$2.08. The firm has a market cap of C$76.38 million, a PE ratio of -0.50, a P/E/G ratio of -0.04 and a beta of 1.50. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 16,969.40.

Transat A.T. (TSE:TRZ) last released its 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 firm had revenue of C$736.20 million for the quarter, compared to the consensus estimate of C$758.50 million. As a group, equities research analysts expect that Transat A.T. Inc. will post -4.3400002 earnings per share 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.