Transat A.T. (TSE:TRZ) Price Target Cut to C$2.00 by Analysts at TD Securities

Transat A.T. (TSE:TRZ) had its target price reduced by TD Securities from C$3.00 to C$2.00 in a research note released on Friday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other equities analysts also recently weighed in on TRZ. Desjardins dropped their target price on shares of Transat A.T. from C$3.00 to C$2.00 and set a hold rating for the company in a research note on Friday. CIBC dropped their target price on shares of Transat A.T. from C$2.30 to C$1.75 and set an underperform rating for the company in a research note on Friday. National Bankshares dropped 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 research note on Friday. Finally, Scotiabank dropped 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 research note on Friday. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of Reduce and an average price target of C$1.75.

Transat A.T. Trading Up 0.6 %

Shares of TRZ stock opened at C$1.82 on Friday. Transat A.T. has a 12-month low of C$1.78 and a 12-month high of C$4.75. The company has a market capitalization of C$70.67 million, a P/E ratio of -1.30, a P/E/G ratio of -0.04 and a beta of 1.50. The firm has a 50-day moving average price of C$2.07 and a 200 day moving average price of C$2.88. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 16,969.40.

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 the consensus estimate of C($0.37) by C($0.73). The company had revenue of C$736.20 million for the quarter, compared to analysts’ expectations of C$758.50 million. Research analysts forecast that Transat A.T. 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.