Transcontinental (TSE:TCL.A) Price Target Cut to C$7.00 by Analysts at Canadian Imperial Bank of Commerce

Transcontinental (TSE:TCL.A) had its target price cut by stock analysts at Canadian Imperial Bank of Commerce from C$8.00 to C$7.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s price target indicates a potential upside of 38.61% from the company’s previous close.

TCL.A has been the subject of a number of other reports. BMO Capital Markets decreased their target price on Transcontinental from C$27.00 to C$6.25 in a research report on Tuesday, March 24th. ATB Cormark Capital Markets decreased their target price on Transcontinental from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research report on Friday. Finally, TD Securities decreased their target price on Transcontinental from C$28.00 to C$8.00 and set a “buy” rating for the company in a research report on Tuesday, March 24th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$17.00.

Transcontinental Stock Performance

Shares of TCL.A stock traded up C$0.34 during trading on Friday, hitting C$5.05. The company’s stock had a trading volume of 501,511 shares, compared to its average volume of 775,541. The company has a market cap of C$422.28 million, a PE ratio of 2.92, a P/E/G ratio of 6.05 and a beta of 0.53. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12. The business has a fifty day moving average of C$5.37 and a 200-day moving average of C$16.31. Transcontinental has a 52 week low of C$4.16 and a 52 week high of C$25.65.

Transcontinental (TSE:TCL.A) last released its earnings results on Thursday, June 4th. The company reported C$0.19 earnings per share (EPS) for the quarter. The company had revenue of C$269.20 million during the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%. As a group, research analysts anticipate that Transcontinental will post 2.439834 earnings per share for the current year.

Transcontinental Company Profile

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.