Transat A.T. (TSE:TRZ) Rating Lowered to Hold at TD Securities

Transat A.T. (TSE:TRZ) was downgraded by TD Securities from a “buy” rating to a “hold” rating in a report released on Wednesday,BayStreet.CA reports. They currently have a C$3.00 target price on the stock, down from their prior target price of C$5.00. TD Securities’ target price suggests a potential upside of 20.48% from the company’s previous close.

Separately, Desjardins raised their price target on Transat A.T. from C$3.00 to C$3.30 and gave the company a “hold” rating in a research report on Tuesday, December 23rd. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Transat A.T. presently has an average rating of “Reduce” and a consensus target price of C$2.83.

Transat A.T. Price Performance

Shares of TRZ stock traded down C$0.05 during midday trading on Wednesday, reaching C$2.49. 120,648 shares of the company traded hands, compared to its average volume of 59,110. The firm’s 50 day simple moving average is C$2.63 and its two-hundred day simple moving average is C$2.56. The firm has a market cap of C$101.00 million, a PE ratio of 0.44, a price-to-earnings-growth ratio of -0.04 and a beta of 0.80. The company has a debt-to-equity ratio of -241.60, a current ratio of 0.81 and a quick ratio of 0.76. Transat A.T. has a 1-year low of C$1.41 and a 1-year high of C$3.25.

About Transat A.T.

Air Transat is a leading travel brand voted 2025 World’s Best Leisure Airline by passengers at the Skytrax World Airline Awards. Its program offers access to international destinations, mainly in Europe, the Caribbean, the east coast of the United States, South America and North Africa. Air Transat is recognized for its excellent customer service. Its fleet includes some of the most energy-efficient aircraft in their category. Based in Montreal with major hubs in YUL Montréal-Trudeau International Airport and Toronto Pearson Airport (YYZ), it has 5,000 employees with a common purpose to bring people closer together.