Transat A.T. (TSE:TRZ) Trading Down 7.1% – Time to Sell?

Transat A.T. Inc. (TSE:TRZ) shares traded down 7.1% during mid-day trading on Wednesday . The stock traded as low as C$2.51 and last traded at C$2.60. 166,313 shares were traded during trading, an increase of 121% from the average session volume of 75,175 shares. The stock had previously closed at C$2.80.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. National Bankshares raised shares of Transat A.T. from an “underperform” rating to a “sector perform” rating and increased their price objective for the company from C$2.25 to C$3.00 in a report on Wednesday, September 3rd. CIBC raised their target price on shares of Transat A.T. from C$2.25 to C$2.60 and gave the company an “underperform” rating in a research note on Thursday, September 4th. National Bank Financial upgraded shares of Transat A.T. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 2nd. Desjardins dropped their price objective on shares of Transat A.T. from C$3.25 to C$3.00 and set a “hold” rating for the company in a report on Friday, September 12th. Finally, Scotiabank lifted their target price on Transat A.T. from C$2.00 to C$2.25 and gave the stock an “underperform” rating in a report on Friday, September 12th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Transat A.T. has an average rating of “Reduce” and a consensus target price of C$3.27.

Transat A.T. Stock Up 0.4%

The business’s 50 day simple moving average is C$2.33 and its 200 day simple moving average is C$2.47. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of -241.60. The firm has a market capitalization of C$102.41 million, a PE ratio of 0.35, a PEG ratio of -0.04 and a beta of 1.03.

Transat A.T. Company Profile

Transat A.T. Inc is a Canadian company that specializes in the organization, marketing, and distribution of holiday travel in the tourism industry. The company offers vacation packages, hotel stays, and air travel under the Transat and Air Transat brands. The company’s core business consists of tour operators based in Canada that are vertically integrated with its other services of air transportation, distribution through a dynamic travel agency network, value-added services at travel destinations, and accommodations.